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FX.co ★ Technical Analysis for EUR/USD (March 10–15, 2025)

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Forex Analysis:::2025-03-10T08:35:12

Technical Analysis for EUR/USD (March 10–15, 2025)

Trend Analysis (Fig. 1):This week, the market may initially move downward from 1.0833 (last week's closing price) toward 1.0784, which corresponds to the 14.6% retracement level (blue dashed line). After testing this level, the price may resume its upward movement, targeting 1.0948, which is a historical resistance level (light blue dashed line).

Technical Analysis for EUR/USD (March 10–15, 2025)

Comprehensive Analysis:

  • Indicator Analysis – Up
  • Fibonacci Levels – Up
  • Volume Analysis – Up
  • Candlestick Patterns – Up
  • Trend Analysis – Up
  • Bollinger Bands – Up
  • Monthly Chart – Up

Conclusion: The overall market outlook is bullish.

Projected Weekly Candle Formation for EUR/USD:

The pair is likely to maintain an upward trend over the week, forming a white weekly candle with an initial lower shadow on Monday (downward movement) and a final upper shadow on Friday (downward retracement).

Alternative Scenario:

If the pair moves downward from 1.0833 (last week's closing price), it may reach 1.0721 (the 23.6% retracement level, blue dashed line). Upon testing this level, the price may resume its upward movement toward 1.0888, which corresponds to the upper fractal (blue dashed line).

Analyst InstaForex
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