empty
26.03.2025 05:26 AM
EUR/USD and GBP/USD March 26 – Technical Analysis

EUR/USD

This image is no longer relevant

As the week begins, bearish players are trying to confirm and extend the prevailing downtrend, but they have yet to achieve strong results — The pair continues to stay close to the weekly levels. (1.0819 – 1.0828). If the decline does progress, the nearest target and next support zone for today lies at 1.0727 – 1.0698 (monthly Tenkan and Kijun lines + the weekly medium-term trend). If bears lack the strength to push lower and their opponents seize the initiative, the bulls' first step will be to reclaim the levels 1.0819 – 1.0856 – 1.0867 and consolidate above them.

This image is no longer relevant

On the lower timeframes, bearish players are currently developing a downward trend. Their targets today include support from the classic Pivot levels (1.0770 – 1.0747 – 1.0717) and the breakout zone of the H4 Ichimoku cloud (1.0725 – 1.0699). If an upward correction develops, the market may encounter resistance near 1.0800 – 1.0823. However, the key level for the bulls will be testing and breaking through the weekly long-term trend line (1.0843). A breakout and reversal of the trend could shift the balance of power in favor of strengthening bullish sentiment. Additional intraday upside targets may include 1.0853 – 1.0876 (classic Pivot resistance levels).

***

GBP/USD

This image is no longer relevant

Uncertainty persists. The pound remains closely linked to its weekly levels (1.2923 – 1.2957) and the daily short-term trend line (1.2950). All other key levels have also remained in place. The nearest bullish target is the complete achievement of the daily cloud breakout goal at 100% (1.3047), while bearish targets are still clustered around support from multiple timeframes, led by the monthly support zone at 1.2765 – 1.2810.

This image is no longer relevant

On the lower timeframes, the market is currently testing the key levels at 1.2936 (central Pivot level) and 1.2949 (weekly long-term trend). A breakout and consolidation above these levels would help bulls shift the balance of power and gain a stronger advantage. A rejection would create an opportunity for further declines. Today's bearish intraday trend targets include the classic Pivot supports at 1.2907 – 1.2872 – 1.2843.

***

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

EUR/USD Forecast for June 24, 2025

On Monday, the euro successfully broke through the linear resistance at 1.1535 and the MACD line. From the opening of the Pacific session, the price continued to rise steadily toward

Laurie Bailey 04:51 2025-06-24 UTC+2

GBP/USD Forecast for June 24, 2025

GBP/USD The bulls in the British pound forcefully overcame the pressure from the bears, who had been anticipating the 1.3208 target. However, at this point, the resistance of the MACD

Laurie Bailey 04:47 2025-06-24 UTC+2

USD/JPY Forecast for June 24, 2025

USD/JPY The technical picture on Monday may shape future developments in the medium term. The week began with a gap up, followed by the formation of a long upper shadow

Laurie Bailey 04:44 2025-06-24 UTC+2

USD/JPY. Analysis and Forecast. Current Market Situation

From a technical perspective, as bulls have overcome the barrier of the 100-day Simple Moving Average (SMA) around the 146.80 level, they remain in control. Buying beyond the psychological level

Irina Yanina 17:53 2025-06-23 UTC+2

Trading Signals for EUR/USD for June 23-28, 2025: buy above 1.1460 (21 SMA - 6/8 Murray)

On the contrary, this area around the 21SMA, located at the psychological level of 1.15, is key. Below this area, we could expect a sharp breakout of the uptrend channel

Dimitrios Zappas 16:34 2025-06-23 UTC+2

Trading Signals for GOLD (XAU/USD) for June 23-28, 2025: buy above $3,350 (21 SMA - 7/8 Murray)

If gold continues its recovery and settles above the 21 SMA at 3,364, this could be seen as a buying opportunity with targets at 8/8 Murray at 3,437. The metal

Dimitrios Zappas 16:23 2025-06-23 UTC+2

Forex forecast 23/06/2025: EUR/USD, GBP/USD, USDX, Oil, 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 12:08 2025-06-23 UTC+2

Technical Analysis for the Week of June 23–28: GBP/USD Currency Pair

Last week, the pair moved downward and tested the 14.6% pullback level at 1.3392 (red dashed line), after which the price rebounded and closed the weekly candle at 1.3446

Stefan Doll 11:38 2025-06-23 UTC+2

Technical Analysis for the Week of June 23–28: EUR/USD Currency Pair

Last week, the pair moved downward and tested the 76.4% pullback level at 1.1452 (red dashed line), after which the price rebounded and closed the weekly candle at 1.1520

Stefan Doll 11:31 2025-06-23 UTC+2

Forecast for EUR/USD on June 23, 2025

On Friday, the EUR/USD pair continued to rise after rebounding from the 76.4% corrective level at 1.1454. However, on Monday night, the pair returned to this level. A new rebound

Samir Klishi 11:24 2025-06-23 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.