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
Summary
Urgency
Analytic
Zhizhko Nadezhda
Start trade
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

XAU/USD. Analysis and Forecast

From a technical perspective on the 4-hour chart, the recent break below the 100-period Simple Moving Average (SMA) has been viewed as a key bearish signal. Additionally, the oscillators

Irina Yanina 12:08 2025-07-30 UTC+2

EUR/USD. July 30th. Bears have paused, but new challenges await them

On Tuesday, the EUR/USD pair continued its downward movement and closed below the 100.0% Fibonacci retracement level at 1.1574. This suggests that the decline may continue on Wednesday, targeting

Samir Klishi 12:02 2025-07-30 UTC+2

GBP/USD. July 30th. The Fed May Lend a Helping Hand to the Dollar

On the hourly chart, the GBP/USD pair continued its decline on Tuesday and closed below the support zone of 1.3357–1.3371. As a result, the British pound may continue falling

Samir Klishi 11:58 2025-07-30 UTC+2

Forex forecast 30/07/2025: EUR/USD, USD/CAD, USD/JPY, Oil 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 10:22 2025-07-30 UTC+2

Trading Signals for GOLD (XAU/USD) for July 30-31, 2025: buy above $3,320 (21 SMA - 5/8 Murray)

Gold is trading around 3,332, recovering after having reached the key level of $3,300. Gold is expected to climb to the 7/8 Murray level around 3,398 in the coming days

Dimitrios Zappas 07:08 2025-07-30 UTC+2

Trading Signals for EUR/USD for July 30-31, 2025: buy above 1.1530 (rebound - 6/8 Murray)

Technically, the euro is reaching oversold levels. So, the odds are that there will be consolidation above the psychological level of 1.15 or above 6/8 Murray in the coming days

Dimitrios Zappas 07:07 2025-07-30 UTC+2

Trading Signals for BITCOIN for July 30-31, 2025: sell below $118,750 (6/8 Murray - 21 SMA)

If Bitcoin breaks the downtrend channel in the next few days and consolidates above $119,000, we could expect it to reach the 7/8 Murray level around 121,875 and even

Dimitrios Zappas 07:05 2025-07-30 UTC+2

Despite of the potential for a limited correction, the USD/CHF remains bullish overall, Wednesday, July 30, 2025.

USD/CHF – Wednesday, July 30, 2025. The appearance of divergence between the USD/CHF price movement and the RSI(14) indicator indicates the potential for a limited correction. Although the RSI(14)

Arief Makmur 06:50 2025-07-30 UTC+2

Can the dominant sellers in AUD/USD break below its pivot level today, Wednesday, July 30, 2025?

AUD/USD – Wednesday, July 30, 2025. With the RSI (14) condition in the neutral-bullish area, even though the EMA (50) is below the EMA (200), sellers are still quite dominant

Arief Makmur 06:50 2025-07-30 UTC+2

EUR/USD Forecast for July 30, 2025

On Tuesday, the euro declined by 42 pips. The downward movement paused at the 55-day moving average (MA55). Now, the test of the target support at 1.1495 —

Laurie Bailey 05:13 2025-07-30 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.