empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
21.03.2025 12:02 PM
Forecast for EUR/USD on March 21, 2025
Open trading account Open demo account

On Thursday, the EUR/USD pair continued its decline and closed below the 200.0% Fibonacci retracement level at 1.0857. This suggests that the downward move may continue toward the support zone at 1.0781–1.0797. Trader activity is currently low, so a sharp drop on Friday is unlikely. However, the next target is the 161.8% Fibonacci level at 1.0734. At the moment, the bears are making weak attempts to break the prevailing bullish trend.

This image is no longer relevant

The wave structure on the hourly chart has shifted. The last completed downward wave did not break the previous low, while the last upward wave broke the previous peak—but only by a few points. This still points to the continuation of a bullish trend, though a reversal could be imminent, as bulls appear to be running out of steam. Donald Trump's tariffs had placed strong pressure on the dollar in recent weeks, but now bulls may also need a break.

Thursday's fundamental backdrop was noteworthy, although it mainly concerned the British pound. Nevertheless, traders continued to analyze Jerome Powell's comments from Wednesday evening and concluded that the latest round of the euro vs. dollar battle ended in the dollar's favor. The Fed did not signal a stronger dovish stance, and Powell reassured markets about the state of the U.S. economy.

In the second half of the day, the U.S. also released several minor reports, including new home sales (4.26M vs. 3.95M forecast) and the Philadelphia Fed Business Outlook Index (12.5 vs. 8.5 forecast). Both supported the U.S. dollar. Given the news flow, I believe the bears attacked too weakly. For now, they have not confidently broken the last low, so there are no clear signs of a bearish trend on the hourly chart.

This image is no longer relevant

On the 4-hour chart, the pair reversed in favor of the U.S. dollar following another bearish divergence. Currently, the pair has dropped to the 61.8% Fibonacci level at 1.0818. A rebound from this level would support the euro and lead to a recovery toward the 76.4% retracement at 1.0969. A close below 1.0818, however, would pave the way for a further decline toward the 50.0% Fibonacci level at 1.0696.

Commitments of Traders (COT) Report:

This image is no longer relevant

During the latest reporting week, professional traders opened 3,424 new long positions and closed 19,772 short positions. Sentiment among the Non-commercial group has turned bullish again—thanks to Donald Trump. The total number of long positions held by speculators now stands at 188,000, compared to 175,000 short positions.

For 20 weeks in a row, large players had been reducing their euro exposure, but now for five consecutive weeks, they've been cutting short positions and increasing longs. The ECB–Fed policy divergence still favors the U.S. dollar due to the interest rate differential, but Trump's policies are becoming the more dominant factor for traders, as they may have a dovish effect on Fed policy and even trigger a U.S. recession.

Economic Calendar for the U.S. and Eurozone:

March 21 brings no significant events. The news flow will not impact market sentiment today.

EUR/USD Forecast and Trading Tips:

Selling the pair was possible on a rebound from the 1.0944 level on the hourly chart, with targets at 1.0857 and 1.0797. These trades can remain open. Buying can now be considered, but I'm still concerned by the strong, nearly uninterrupted rally in the pair. I'm cautious about such one-sided moves and believe the trend is now shifting in favor of the bears.

Fibonacci levels are drawn from 1.0529–1.0213 on the hourly chart and from 1.1214–1.0179 on the 4-hour chart.

Samir Klishi,
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
All Analytics
Forecast
USDJPY: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session) Trade Analysis and Tips for Trading the Japanese Yen The levels I outlined were not tested during the first half of the day. The volatility seen immediately after the release
Jakub Novak
17:13 2025-03-24 +02:00
1375
Forecast
GBPUSD: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session) Trade Analysis and Tips for the British Pound The test of the 1.2935 level occurred when the MACD indicator had already moved significantly above the zero line, which limited
Jakub Novak
17:10 2025-03-24 +02:00
1195
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 24/03/2025: EUR/USD, GBP/USD, USD/JPY, Gold 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 14:34 2025-03-24 UTC+2

Weekly Technical Analysis for March 24–29: GBP/USD Currency Pair

Last week, the pair moved downward and tested the 14.6% retracement level at 1.2879 (red dashed line), closing the weekly candle at 1.2915. In the upcoming week, the price
Stefan Doll 13:24 2025-03-24 UTC+2

Weekly Technical Analysis for March 24–29: EUR/USD Currency Pair

Last week, the pair moved downward and tested the historical resistance level of 1.0948 (light blue dashed line), after which the price declined and closed the weekly candle at 1.0815
Stefan Doll 13:22 2025-03-24 UTC+2

EUR/USD. March 24th. A New Week – New Opportunities

On Friday, the EUR/USD pair rebounded from the 200.0% correction level at 1.0857 and fell to the support zone of 1.0781–1.0797. A rebound from this zone worked in favor
Samir Klishi 12:55 2025-03-24 UTC+2

GBP/USD. March 24th. The British Pound Starts the New Week at Full Speed

On the hourly chart, the GBP/USD pair continued its decline on Friday and even consolidated below the 1.2931 level. However, the drop was short-lived, as the bears on the pound
Samir Klishi 11:25 2025-03-24 UTC+2

EUR/USD and GBP/USD March 24 – Technical Analysis

Recently, the pair has been testing resistance levels from the weekly Ichimoku cloud (1.0946–1.0825) and monthly levels (1.0943–1.0856). Last week, sellers initiated a rejection and closed below these resistance zones
Evangelos Poulakis 07:55 2025-03-24 UTC+2

Technical Analysis of Intraday Price Movement of Natural Gas Commodity Instrument, Monday March 24, 2025

From what is seen on the 4-hour chart, the Natural Gas commodity instrument appears to be moving within the Bearish Pitchfork channel and this has also been confirmed
Arief Makmur 07:09 2025-03-24 UTC+2

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday March 24, 2025.

On the daily chart, the exotic currency pair USD/IDR appears to be moving in a Bullish Pitchfork channel, which is confirmed by the price movement of this exotic currency pair
Arief Makmur 07:09 2025-03-24 UTC+2

EUR/USD Forecast for March 24, 2025

Last Friday, EUR/USD pierced the 23.6% Fibonacci retracement level with a lower shadow and then sharply reversed to the upside, continuing to rise into Monday morning. The Marlin oscillator appears
Laurie Bailey 04:20 2025-03-24 UTC+2

GBP/USD Forecast for March 24, 2025

By Monday morning, the British pound had turned upward without reaching the target range of 1.2816/47, and the Marlin oscillator had also reversed to the upside without reaching the boundary
Laurie Bailey 04:20 2025-03-24 UTC+2

Top analytics

Relevance up to 09:00 UTC--4
USDJPY: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)
17:13 2025-03-24
Forecast
Relevance up to 09:00 UTC--4
GBP/USD: Trading Plan for the U.S. Session on March 24th (Review of Morning Trades)
17:05 2025-03-24
Trading plan
Relevance up to 09:00 UTC--4
GBPUSD: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)
17:10 2025-03-24
Forecast
Relevance up to 09:00 UTC--4
EURUSD: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)
17:07 2025-03-24
Forecast
Relevance up to 11:00 UTC--4
Trading Signals for GOLD (XAU/USD) for March 24-27, 2025: sell below $3,032 (21 SMA - overbought)
17:44 2025-03-24
Technical analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.