empty
17.03.2025 11:02 AM
Technical Analysis for the Week (March 17 – March 22): EUR/USD Currency Pair

Trend Analysis (Fig. 1):

This week, from the 1.0878 level (previous weekly candle close), the market may initially move downward toward 1.0835 – the 14.6% retracement level (blue dashed line). After testing this level, the price is expected to resume its upward movement toward 1.1002 – a historical resistance level (blue dashed line).

This image is no longer relevant

Fig. 1 (Weekly Chart)

Comprehensive Analysis:

  • Indicator analysis: Bullish
  • Fibonacci levels: Bullish
  • Volume analysis: Bullish
  • Candlestick analysis: Bullish
  • Trend analysis: Bullish
  • Bollinger Bands: Bullish
  • Monthly chart: Bullish

Conclusion from Comprehensive Analysis:

The EUR/USD pair is expected to follow an upward trend during the week. The weekly candle is likely to have a lower shadow (Monday – downward movement) and a second upper shadow (Friday – downward movement), indicating initial weakness before resuming an uptrend.

Alternative Scenario:

If the pair moves downward from the 1.0878 level (previous weekly close), it may target 1.0765 – the 23.6% retracement level (blue dashed line). If this level is tested, the price may resume its upward movement toward 1.0947 – the upper fractal level (blue dashed line).

Stefan Doll,
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

USD/JPY Forecast for March 18, 2025

This morning, the yen reached the 149.38 level, which coincides with the 23.6% Fibonacci retracement. This level is significant as it suggests a potential reversal into a new wave

Laurie Bailey 03:37 2025-03-18 UTC+2

Trading Signals for BITCOIN for March 17-19, 2025: sell below $85,000 (21 SMA - 200 EMA)

The key point for selling Bitcoin is to wait for it to reach $87,500 to $88,500, both of which could be good points to sell with short-term targets around $80,000

Dimitrios Zappas 15:16 2025-03-17 UTC+2

Trading Signals for EUR/USD for March 17-19, 2025: buy above 1.0875 (+1/8 Murray - 21 SMA)

Early in the American session, the EUR/USD pair was trading around 1.0895, above the 21 SMA, and above the 8/8 Murray, with a bullish bias. The euro is expected

Dimitrios Zappas 14:56 2025-03-17 UTC+2

Trading Signals for GOLD (XAU/USD) for March 17-19, 2025: buy above $2,964 - $2,980 (21 SMA - 8/8 Murray)

A drop below the 21 SMA could change the course, and gold could enter a bearish phase. So, we could expect the price to reach the 200 EMA around 2,883

Dimitrios Zappas 14:53 2025-03-17 UTC+2

EUR/USD – March 17th: Traders Take a Break as Trump Remains Silent

On Friday, the EUR/USD pair continued trading sideways. Currently, quotes remain above the 200.0% Fibonacci level at 1.0857, but this holds little significance as there are no signals or strong

Samir Klishi 11:51 2025-03-17 UTC+2

GBP/USD. March 17th. Bulls Pin Their Hopes on Jerome Powell

On the hourly chart, the GBP/USD pair continued to trade sideways on Friday. This sideways movement persists on Monday, with trading activity remaining extremely low. Monday's news background is weak

Samir Klishi 11:30 2025-03-17 UTC+2

Forex forecast 17/03/2025: 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 11:17 2025-03-17 UTC+2

Technical Analysis for the Week (March 17 – March 22): GBP/USD Currency Pair

Trend Analysis: This week, from the 1.2921 level (previous weekly candle close), the market may initially move downward toward 1.2857 – the 14.6% retracement level (red dashed line). After testing

Stefan Doll 10:23 2025-03-17 UTC+2

Technical Analysis of Intraday Price Movement CAD/JPY Cross Currency Pairs, Monday March 17, 2025.

With the appearance of Divergence between the CAD/JPY price movement on its 4-hour chart with the Awesome Oscillator indicator and also confirmed by the appearance of the Bullish 123 pattern

Arief Makmur 05:33 2025-03-17 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.