empty
19.03.2025 06:36 AM
EUR/USD and GBP/USD March 19 – Technical Analysis

EUR/USD

This image is no longer relevant

The pair is currently testing the upper boundaries of the monthly Ichimoku cloud at 1.0943 and the weekly cloud at 1.0946. If buyers can consolidate in the bullish zone relative to these clouds, they will open up new opportunities and set upward targets to break through the cloud. The next bullish targets are the nearest extreme highs at 1.1214 and 1.1276. However, if the current resistance levels (1.0943-1.0946) are able to push the market back again, as it did last week, we could see a pullback and a daily downward correction that brings the price back toward the support cluster around 1.0819 to 1.0856, as well as the daily short-term trend at 1.0869. Consolidation below these levels would shift sentiment on the weekly timeframe, causing the pair to return to the bearish zone relative to the weekly cloud.

This image is no longer relevant

On lower timeframes, bulls currently have the advantage. Key levels for further upward movement today are 1.0969, 1.0993, and 1.1031, which are resistance levels based on classic Pivot points. If the current support at the central Pivot level (1.0931) is broken and a downward corrective move develops, the most significant test will be the long-term weekly trend at 1.0895. A breakout and reversal of this trend could shift the balance of power toward a stronger bearish sentiment. Additional intraday bearish targets include the classic Pivot support levels at 1.0907, 1.0869, and 1.0845.

***

GBP/USD

This image is no longer relevant

The currency pair has recently updated last week's high of 1.2988 and continues to rise gradually. The next target is the 100% completion level at 1.3047. If it successfully reaches the daily breakout target of the cloud and consolidates above this level, buyers will have the opportunity to explore new bullish prospects. However, if there is another failure, the market could retrace toward the support cluster at 1.2934, 1.2923, and 1.2910, which align with daily short-term trends and weekly levels. A firm consolidation below these levels could foster a bearish sentiment.

This image is no longer relevant

On lower timeframes, bulls currently maintain the upper hand. If the upward movement persists, key levels to monitor for breakouts include the classic Pivot resistance levels at 1.3021, 1.3043, and 1.3079. Conversely, if a correction gains momentum, the most critical level to test and break would be the long-term weekly trend at 1.2958. A shift in focus toward the downside could reinforce the bearish sentiment and create new opportunities for sellers, with additional support levels at 1.2927 and 1.2905, based on Pivot levels.

***

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

AUD/JPY. Analysis and Forecast

On Tuesday, the AUD/JPY pair showed confident growth, reaching a nearly four-month high following the Reserve Bank of Australia's (RBA) unexpected decision to keep interest rates unchanged. At the same

Irina Yanina 12:41 2025-07-08 UTC+2

Forecast for EUR/USD on July 8, 2025

On Monday, the EUR/USD pair continued a mild downward movement. After reaching the 127.2% retracement level at 1.1712, the pair neither rebounded nor consolidated. Therefore, the 1.1712 level should

Samir Klishi 12:24 2025-07-08 UTC+2

Forecast for GBP/USD on July 8, 2025

On the hourly chart, the GBP/USD pair traded sideways on Monday, and traders began to ignore the 1.3611–1.3633 level. At the moment, we cannot say whether the price is rebounding

Samir Klishi 12:18 2025-07-08 UTC+2

Will Divergence in RSI bring weakness to Crude Oil? Tuesday, July 8, 2025.

Crude Oil – Tuesday, July 8, 2025 The surge in Crude Oil production from OPEC raises concerns about excessive supply flooding the world market and the possibility of weakening global

Arief Makmur 08:59 2025-07-08 UTC+2

Could the weakening that occurred in Fiber be temporary? Tuesday, July 8, 2025.

EUR/USD – Tuesday, July 8, 2025 Data from the Eurozone that is starting to improve and signals of Dovish policy from The Fed provide an opportunity for EUR/USD to strengthen

Arief Makmur 08:59 2025-07-08 UTC+2

EUR/USD Forecast for July 8, 2025

On Monday, the euro declined by 71 pips, testing the support at 1.1692. As anticipated, the price did not attempt to break through the MACD line immediately but chose instead

Laurie Bailey 06:14 2025-07-08 UTC+2

GBP/USD Forecast for July 8, 2025

GBP/USDAmid yesterday's 0.56% rise in the U.S. dollar index, the British pound declined by 0.20% (-51 points). The price moved further away from the 1.3635 level, while the Marlin oscillator

Laurie Bailey 05:56 2025-07-08 UTC+2

AUD/USD Forecast for July 8, 2025

AUD/USDWith support from the U.S. dollar (USDX +0.56%), the Australian currency became the day's top decliner (-0.69%, -61 points), as markets await today's expected Reserve Bank of Australia rate

Laurie Bailey 05:50 2025-07-08 UTC+2

XAU/USD. Analysis, Forecast, and Current Market Situation

Gold is maintaining a bearish intraday tone today.Oscillators on the daily chart are just beginning to show negative momentum, indicating the potential for further declines in the metal's price

Irina Yanina 12:50 2025-07-07 UTC+2

Forecast for EUR/USD on July 7, 2025

On Friday, the EUR/USD pair traded very weakly, with trader activity extremely low due to the U.S. Independence Day. As a result, no trading signals, important breakouts, or other chart

Samir Klishi 11:48 2025-07-07 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.