20.03.202517:43 Forex Analysis & Reviews: Trading Signals for EUR/USD for March 20-22, 2025: sell below 1.0864 (+1/8 Murray - 21 SMA)

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Early in the American session, the EUR/USD pair is trading below the 21SMA, below +1/8 Murray, showing a technical correction after forming a double top pattern around 1.0960.

The euro could continue its fall in the coming hours as it is technically overbought. The eagle indicator is showing a bearish signal, so any pullback while the euro trades below 1.0900 will be seen as an opportunity to sell.

The US dollar strengthened due to comments from the Federal Reserve Chairman. This is putting pressure on the euro.

At the same time, fears about economic growth in the Eurozone are also playing a role against the euro, as this could force the ECB to further reduce interest rates, which could lead to a fall in the euro.

Technically, the euro left a gap around 1.0365 on February 27. Hence, we believe the euro could return to these levels in the coming days or weeks, which would give us an advantage to sell below the psychological level of 1.10.

Our trading plan for the next few hours is to sell the euro below 1.0864, or, in the event of a technical rebound below 1.0906, with targets at 8/8 Murray located at 1.0742.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.