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24.03.2025 05:20 AM
EUR/USD Forecast for March 24, 2025

Last Friday, EUR/USD pierced the 23.6% Fibonacci retracement level with a lower shadow and then sharply reversed to the upside, continuing to rise into Monday morning. The Marlin oscillator appears to have stopped its decline and is also turning upward.

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If the upward move is confirmed on lower timeframes, the rally may extend toward the recent high at 1.0955 and then further to 1.1027 — the September 3, 2024 low.

On the H4 chart, the Marlin oscillator is about to enter positive territory.

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Once the price consolidates above the intermediate level of 1.0862 (Friday's high), the uptrend may continue toward the first target of 1.0955. A drop below the support level 1.0762 would open the path toward the next target at 1.0667, close to the 50.0% Fibonacci retracement level.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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