empty
28.03.2022 04:31 PM
EUR/USD forecast on 28 March

This image is no longer relevant

EUR/USD continues to trade in a relatively narrow channel below 1.1000 on Monday. The data from the US showed a small decline in the international trade deficit in February and the US Dollar Index stays in positive territory above 99.00. Meanwhile, retreating US T-bond yields seem to be capping the dollar's gains for the time being.

The EUR/USD pair is currently trading in the 1.0950 price zone, hovering around a Fibonacci level, the 23.6% retracement of its 2022 slide. The daily chart shows that the pair is down for a fourth consecutive day, meeting sellers around a firmly bearish 20 SMA. The Momentum indicator turned south but stands within neutral levels, while the RSI is heading lower at around 40.

The near-term picture is neutral-to-bearish, as the 4-hour chart shows that converging 20 and 100 SMAs cap the upside, with mildly bearish slopes. Technical indicators, in the meantime, are within negative levels, without clear directional strength. The odds are that the US dollar is set to assert strength, making EUR/USD break below 1.0920, exposing the year's low at 1.0805.

Support levels: 1.0920 1.0875 1.0840

Resistance levels: 1.1020 1.1070 1.1105

Jan Novotny,
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 EUR/USD for April 11-15, 2025: sell below 1.1470 (+2/8 Murray - overbought)

During the European session, the euro reached a new high around +2/8 Murray, located at 1.1473. This movement in EUR/USD occurred after the announcement by China's Ministry of Finance that

Dimitrios Zappas 16:44 2025-04-11 UTC+2

Trading Signals for GOLD (XAU/USD) for April 11-13, 2025: sell below $3,235 (+1/8 Murray - overbought)

Early in the American session, gold is undergoing a strong technical correction after reaching a new high around 3,237.69 for now. Economic data from the United States will be released

Dimitrios Zappas 16:04 2025-04-11 UTC+2

EUR/USD – April 11th. The Dollar's Decline Shows No Sign of Stopping

On Thursday, the EUR/USD pair spent the entire day in an upward move, gaining 400 points and approaching the 261.8% Fibonacci corrective level at 1.1318. A rebound from this level

Samir Klishi 12:36 2025-04-11 UTC+2

Forecast for GBP/USD on April 11, 2025

On the hourly chart, the GBP/USD pair continued its upward movement on Thursday and secured a position above the 127.2% corrective level at 1.3003 – by Friday morning. This suggests

Samir Klishi 12:32 2025-04-11 UTC+2

Forex forecast 11/04/2025: EUR/USD, GBP/USD, SP500, NASDAQ, 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 09:52 2025-04-11 UTC+2

EUR/USD Forecast for April 11, 2025

Over the past day and this morning, the euro has reached the target range of 1.1385–1.1420, corresponding to the highs of June 2019 and 2020. The signal line

Laurie Bailey 05:03 2025-04-11 UTC+2

GBP/USD Forecast for April 11, 2025

The British pound has reached the target level of 1.3001. The signal line of the Marlin oscillator is breaking through the zero line into bullish territory, opening the way toward

Laurie Bailey 05:03 2025-04-11 UTC+2

USD/JPY Forecast for April 11, 2025

Yesterday, the USD/JPY pair decisively broke through the wide support range of 145.08/91 and reached the target level of 143.45 during today's Pacific session. The Marlin oscillator has only recently

Laurie Bailey 05:03 2025-04-11 UTC+2

Trading Signals for GOLD (XAU/USD) for April 10-12, 2025: sell below $3,145 (21 SMA - 8/8 Murray)

The Eagle indicator is reaching oversold levels and is giving a negative signal, so we will look for opportunities to sell below 3,145 or below 3,131 with a target

Dimitrios Zappas 15:37 2025-04-10 UTC+2

EUR/USD. April 10. Trump Continues to Shake the Markets

On Wednesday, the EUR/USD pair made two rebounds from the resistance zone of 1.1081–1.1095, turned in favor of the U.S. dollar, and declined toward the support zone of 1.0944–1.0957

Samir Klishi 12:19 2025-04-10 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.