empty
28.03.2025 10:09 AM
EUR/USD and GBP/USD March 28 – Technical Analysis

EUR/USD

This image is no longer relevant

As the week comes to an end, the market remains indecisive, with no clear preferences evident. Yesterday, the bulls made some progress, adjusting the prevailing bearish sentiment. To confirm and consolidate the result, they need to overcome the cluster of resistance levels from various timeframes in the 1.0819–1.0856 area. After that, a new opportunity for further growth will open up, with the following targets being the upper boundaries of the weekly (1.0953) and monthly (1.0943) Ichimoku clouds. If the bulls surrender their gains from yesterday, the pair may return to support levels around 1.0727–1.0694.

This image is no longer relevant

On the lower timeframes, the pair is currently testing the resistance of the weekly long-term trend (1.0800). Holding this level gives a significant advantage. If the bulls manage to consolidate above this level and reverse the trend in their favor, they can test the resistance levels of the classic Pivot Points intraday (1.0835 – 1.0873 – 1.0924). If the trend is not broken, the advantage will remain on the bearish side. If the decline resumes, support will be provided by the classic Pivot Points today at 1.0746 – 1.0695 – 1.0657.

***

GBP/USD

This image is no longer relevant

The market remains within a range of uncertainty that has persisted from previous weeks, remaining in the gravitational zone and influence of the weekly levels (1.2923 – 1.2957) and the daily short-term trend (1.2940). The main expectations have not changed, and the key reference points remain in place. The next upside target remains the 100% completion level of the daily breakout target above the Ichimoku cloud (1.3047), while the cluster of levels of interest to the bears is still located around 1.2765–1.2810, where monthly, weekly, and daily supports are gathered.

This image is no longer relevant

The bulls consolidated above the key levels of 1.2936 (daily central Pivot Point) and 1.2926 (weekly long-term trend), thereby gaining the main advantage on the lower timeframes. Intraday, further upside development today will proceed through the resistance levels of the classic Pivot Points (1.3004 – 1.3060 – 1.3128). A loss of the key levels (1.2936–26) will shift the current balance of power in favor of bearish sentiment. In that case, the market will focus on the support levels of the classic Pivot Points (1.2880 – 1.2812 – 1.2756).

***

Technical Analysis Components:
  • Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) and Fibonacci Kijun levels
  • H1: Classic Pivot Points and 120-period Moving Average (weekly long-term trend)
Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for EUR/USD for May 22-25, 2025: sell below 1.1286 (200 EMA - 21 SMA)

EUR/USD is trading around 1.1287 after attempting to break the top of the downtrend channel. The instrument is now consolidating around the 21 SMA, which suggests it could continue

Dimitrios Zappas 18:11 2025-05-22 UTC+2

Forecast for EUR/USD on May 22, 2025

On Wednesday, the EUR/USD pair continued to rise and consolidated above the 50.0% Fibonacci retracement level at 1.1320. As a result, the euro may continue appreciating toward the next resistance

Samir Klishi 11:51 2025-05-22 UTC+2

Forecast for GBP/USD on May 22, 2025

On the hourly chart, the GBP/USD pair continued rising on Wednesday, ending the day near the 1.3425 level. Just a couple of weeks ago, there was no sign of another

Samir Klishi 11:45 2025-05-22 UTC+2

Forex forecast 22/05/2025: EUR/USD, GBP/USD, USD/JPY, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:52 2025-05-22 UTC+2

Bitcoin: Reaching New Highs May Stall

Bitcoin's price briefly exceeded the new all-time high of $111,000 but failed to consolidate above it. The token, along with the broader crypto market, continues to receive support from dollar

Pati Gani 09:49 2025-05-22 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 22, 2025.

With the appearance of Divergence between the Nasdaq 100 index price movement which formed a Double Top with the Stochastic Oscillator indicator plus confirmation with its price movement which moved

Arief Makmur 07:01 2025-05-22 UTC+2

Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Thursday May 22, 2025

As we can see on the 4-hour chart of USD/CHF main currency pair, some interesting information appears, namely first the appearance of Divergence between the price movement of USD/CHF with

Arief Makmur 07:01 2025-05-22 UTC+2

EUR/USD Forecast for May 22, 2025

On Wednesday, the euro successfully consolidated above the 1.1266 level and the balance indicator line. The next target levels are 1.1420 and 1.1535. The Marlin oscillator is about to enter

Laurie Bailey 05:06 2025-05-22 UTC+2

GBP/USD Forecast for May 22, 2025

Yesterday's inflation data for April in the UK surprised market participants. Core CPI jumped from 3.4% y/y to 3.8% y/y versus an expected 3.6% y/y, while headline CPI reached 3.5%

Laurie Bailey 05:06 2025-05-22 UTC+2

USD/JPY Forecast for May 22, 2025

The USD/JPY pair has been declining for eight consecutive days — a pattern not seen since 2019. However, we recently saw two five-week declines in July 2024 and November–December 2023

Laurie Bailey 05:06 2025-05-22 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.