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21 Mar 2025

EUR/USD Price Analysis: Euro extends losses but 100-200 SMA crossover offers support

  • EUR/USD was seen trading around the 1.0820 area after the European session, falling for a third consecutive day.
  • Despite shedding over 1% this week, the recent bullish crossover between the 100- and 200-day SMAs may provide a strong base.
  • Momentum indicators turn bearish, with RSI dropping sharply and MACD printing a fresh red bar.

EUR/USD declined on Friday’s session after the European close, moving near the 1.0820 zone as the pair tallied a third straight day in the red. After a strong rally earlier in the month, the pair has lost over 1% this week, with momentum indicators now flashing bearish signals. Still, structural support remains firm as key moving averages align beneath current price levels.

The Relative Strength Index (RSI) has sharply retreated within positive territory and now hovers near neutral, hinting at fading bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) has shifted direction, printing a fresh red bar, which confirms weakening momentum in the short term.

From a broader perspective, a bullish crossover between the 100-day and 200-day Simple Moving Averages has taken shape this week, forming a solid technical floor near the 1.0730 region. This development helps cushion the downside, even if sellers continue to weigh on the pair in the near term.

Looking ahead, immediate support is seen at the 1.0780-1.0730 zone, where the moving average crossover occurred. A break below could expose further losses toward 1.0660. On the upside, resistance now sits at 1.0900, followed by 1.1000 should buyers regain control.

EUR/USD daily chart

Mar 21, 2025

GBP/USD slips as trader war fears, central bank uncertainty weigh

The Pound Sterling (GBP) dropped some 0.29% against the US Dollar (USD) on Friday, set to end the week unchanged after major central banks featured monetary policy decisions led by the Federal Reserve (Fed) and the Bank of England (BoE).
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Mar 21, 2025

Fed's Williams: Fed not in a hurry to make next rate decision

Federal Reserve (Fed) Bank of New York John Williams noted during an appearance at the Biennial Macroeconometric Caribbean Conference, in Nassau, that the Fed's job of forecasting economic outcomes is becoming increasingly difficult, specifically under the weight of trade war threats from the Trump administration.
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