28.03.202515:09 Forex Analysis & Reviews: Trading Signals for EUR/USD for March 28-31, 2025: sell below 1.0775 (21 SMA - 6/8 Murray)

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Early in the American session, the euro is trading around 1.0771, below the 21SMA, and within the downtrend channel forming since March 14. The bias is bearish.

Yesterday, EUR/USD attempted to break out of the downtrend channel and above 1.0830, but failed to consolidate its bullish strength. We now observe the continuation of the bearish movement. Hence, EUR/USD is likely to continue falling in the coming days towards the key support of the 8/8 Murray at 1.0742. The instrument could eventually reach the 7/8 Murray at 1.0620.

The euro's outlook is still bearish. We believe that the decline could continue below 1.08 in the coming days toward 1.0620.

Conversely, a sharp break and consolidation above 1.0785 could change the euro's course, and we could expect it to reach 1.0854 and eventually +2/8 Murray around 1.0986.

The H4 chart shows that the euro is under downward pressure. We reckon EUR/USD could extend its fall in the coming days. Therefore, we could look for selling opportunities.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.