EUR/USD, “Euro vs US Dollar”
EUR/USD are under the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is testing the support line. In this situation, a downward breakout of 2/8 (1.0498) is expected, followed by a decline to the support at 1/8 (1.0376). The scenario can be cancelled by the price rising above the resistance at 3/8 (1.0620), which might provoke the price to grow to 4/8 (1.0742).
On M15, a breakout of the lower boundary of the VoltyChannel could become an additional signal confirming the price drop.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD are in the oversold area on H4. The RSI is nearing the support line. In this situation, a test of -1/8 (1.2146) is expected, followed by a rebound from it and a price rise to the resistance at 2/8 (1.2329). The scenario can be cancelled by a downward breakout of the -1/8 (1.2146) level. In this situation, the pair could continue falling and reach the support at -2/8 (1.2085).
On M15, the upper boundary of the VoltyChannel is too far from the current price, which means the growth of the quotes can only be supported by a rebound from the -1/8 (1.2146) level on H4.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
Recommended Content
Editors’ Picks
AUD/USD going nowhere in a hurry; remains stuck in a multi-week-old range
AUD/USD extends the range play on Friday and remains below the 200-day SMA pivotal resistance as the RBA's dovish outlook and renewed US-China trade tensions undermine the Aussie amid a modest USD recovery. However, Fed rate cut bets cap the upside for the USD, which, along with a positive risk tone, acts as a tailwind for the currency pair.
USD/JPY ticks lower as Japan’s strong inflation print lifts BoJ rate hike bets
USD/JPY attracts fresh sellers during the Asian session on Friday following the release of hot consumer inflation figures from Japan, which keeps the door open for more interest rate hikes by the BoJ. Moreover, trade uncertainties and geopolitical risks underpin the JPY and weigh on the currency pair amid the lack of follow-through USD buying.
Gold trades with mild positive bias below two-week top set on Thursday
Gold price edges higher following the previous day's pullback from a two-week high amid a combination of supporting factors. Concerns about the US economic growth and fiscal health, along with renewed US-China trade tensions and geopolitical risks, benefit the XAU/USD's safe-haven status. Moreover, subdued USD price action and Fed rate cut bets support the non-yielding yellow metal.
Why Bitcoin is not equal to Gold
On March 6, 2025, U.S. President Donald Trump signed an executive order establishing a strategic Bitcoin reserve and digital asset stockpile for the United States government.
FOMO vs fundamentals: Retail buys the dip, institutional investors stay cautious
Retail optimism is rising, but institutions are still treading carefully amid lingering macro and earnings risks. Policy and fiscal uncertainty remain elevated, with trade tensions, U.S. debt concerns, and a cautious Fed dominating the backdrop.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.