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
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

Trading Signals for GOLD (XAU/USD) for April 15-18, 2025: sell below $3,220 (+1/8 Murray - 21 SMA)

Early in the American session, gold is trading around 3,220, showing signs of exhaustion. A further technical correction toward the 21SMA is likely in the coming hours

Dimitrios Zappas 14:05 2025-04-15 UTC+2

Forecast for GBP/USD on April 15, 2025

On the hourly chart, the GBP/USD pair continued rising on Monday and secured a position above the 1.3139 level. Thus, the upward movement may continue toward the next Fibonacci corrective

Samir Klishi 11:59 2025-04-15 UTC+2

Forecast for EUR/USD on April 15, 2025

On Monday, the EUR/USD pair continued to rise but returned by the end of the day to the 261.8% Fibonacci retracement level at 1.1318. A double rebound from this level

Samir Klishi 11:55 2025-04-15 UTC+2

Forex forecast 15/04/2025: EUR/USD, GBP/USD, USD/JPY, USD/CAD 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 09:44 2025-04-15 UTC+2

Forex forecast 14/04/2025: 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 08:54 2025-04-15 UTC+2

Technical Analysis of Intraday Price Movement of EUR/JPY Cross Currency Pairs, Tuesday April 15, 2025.

With the appearance of Divergence between the price movement of the EUR/JPY cross currency pair with the Stochastic Oscillator indicator also followed by the presence of the Bullish 123 pattern

Arief Makmur 07:13 2025-04-15 UTC+2

Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday April 15, 2025.

On the 4-hour chart, the GBP/AUD cross currency pair appears to be moving below its EMA (21) and the Stochastic Oscillator indicator is in a Crossing SELL condition

Arief Makmur 07:13 2025-04-15 UTC+2

Trading Signals for GOLD (XAU/USD) for April 14-17, 2024: sell below $3,224 (+1/8 Murray - 21 SMA)

Our trading plan for the coming hours is to sell gold below 3,224, with targets at 3,203 and 3,156. We should be alert to any technical rebound, as the outlook

Dimitrios Zappas 15:59 2025-04-14 UTC+2

Forecast for EUR/USD on April 14, 2025

On Friday, the EUR/USD pair continued to rise but pulled back in the second half of the day. The decline (i.e., dollar strengthening) was short-lived

Samir Klishi 12:28 2025-04-14 UTC+2

Forecast for GBP/USD on April 14, 2025

On the hourly chart, the GBP/USD pair continued its upward movement on Friday and today is on track to reach the 1.3151 level. A bounce from this level will favor

Samir Klishi 12:25 2025-04-14 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.