empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

25.03.202210:08 Forex Analysis & Reviews: Technical Analysis of EUR/USD for March 25, 2022

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.

Technical Market Outlook

The EUR/USD volatility has decreased after the market started the consolidation period between the levels of 1.1047 - 1.0959 (weekly low). The outlook remains bullish, however, the market is getting closer to this week lows located at the level of 1.0959 as the traders await a trigger to start selling the EUR again. The market conditions are still neutral, however any violation of the level of 1.0899 will indicate a bearish market, so please keep an eye on this level and on the whole demand zone located between the levels of 1.0899 - 1.0850. The nearest technical resistance is seen at the level of 1.1013 and 1.1047.

Weekly Pivot Points:

WR3 - 1.1463

WR2 - 1.1271

WR1 - 1.1169

Weekly Pivot - 1.1030

WS1 - 1.0932

WS2 - 1.0797

WS3 - 1.0418

Trading Outlook:

The market is still in control by bears that pushed the price way below the level of 1.1245, so a breakout above this level is a must for bulls for a trend reversal. The next long-term technical support is located at 1.0639. The up trend can be continued towards the next long-term target located at the level of 1.1494 (high from 06.02.2022) only if bullish cycle scenario is confirmed by breakout above the level of 1.1186 and 1.1245, otherwise the bears will push the price lower towards the next long-term target at the level of 1.0639 or below.

Exchange Rates 25.03.2022 analysis

Sebastian Seliga
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off