Week 12: 17th - 21th March 2025
EURUSD :
Despite trying hard, EURUSD could not sustain above 1.0900 this week, and yesterday it also closed below 1.0900 at 1.0878. I feel next week the EURUSD may cross the 1.0900 mark and may also touch the 1.1000 mark. Next week we have the USA interest rate decision on Wednesday, 19th March 2025. The market would be very volatile and unpredictable due to this event. Next week, on 18th March 2025, Tuesday, we have ZEW Economic Sentiment Data for Germany. Germany being a top user of the euro, this data may also have an effect on EURUSD, but it is not that important, but worth keeping an eye on. The conclusion is you may take a long trade with a small target and a deep stop loss. 1.1000 can be a good target next week for EURUSD.
Range next week for EURUSD :
Upper range: 1.1075 Lower range: 1.0680
GBPUSD :
Despite trying hard, GBPUSD could not touch the mark of 1.3000, which is a resistance area. Despite the inflation rate being lower than expected in the USA on the 12th of March 2025, Wednesday, GBP still could not show strength. It shows GBP's weakness overall. As I said in last week's article, because GBPUSD had given a good rally the week before last, this week the GBP may take some rest hovering around 1.2900 to 1.3000, and my prediction was right. But next week the GBPUSD may be very volatile as we have both the USA interest rate decision on Wednesday, 19th March 2025, and the UK interest rate decision on Thursday, 20th March 2025. The consolidation period would be over next week, and GBP may show some strength or weakness. But the upside is limited, and any long trade should be taken with caution with a deep stop loss. From around 17th Jan 2025 till now, GBPUSD has seen quite an increase, and overall, it's time for some consolidation, and any clear direction would come after the UK interest rate decision on Thursday, 20th March 2025.
Range next week for GBPUSD :
Upper range: 1.3155 Lower range: 1.2720
Economic Calender - USA
| Date | Time | Country | Importance | Event | Forecast | Previous |
|---|---|---|---|---|---|---|
| 19th March 2025 | 06:00 PM UTC | USA | High | Fed Interest Rate Decision | 4.5 % | 4.5 % |
Economic Calender - United Kingdom
| Date | Time | Country | Importance | Event | Forecast | Previous |
|---|---|---|---|---|---|---|
| 20th March 2025 | 07:00 AM UTC | UK | High | Unemployment Rate | 0.1% | 0.4% |
| 20th March 2025 | 12:00 PM UTC | UK | High | BOE Interest Rate Decision | 4.5 % | 4.5 % |
Economic Calender - Euro Zone
| Date | Time | Country | Importance | Event | Forecast | Previous |
|---|---|---|---|---|---|---|
| 18th March 2025 | 07:00 AM UTC | Germany | High | ZEW Economic Sentiment Index | 35 | 26 |