On the daily chart, EURUSD is basically stuck in a flat grind, bouncing between a solid floor at 1.1400 and a fresh ceiling around 1.16190. This range kicked in after last week's rally, which pushed the pair to a peak of 1.16155 before losing steam and pulling back slightly. Right now, the price is hovering near 1.15250—kind of in no-man's-land, waiting for the next real move.
Delving deeper into the technicals, the Chaikin Oscillator is still flashing green, a quiet vote of confidence that bulls aren't done yet, even with this little dip. Buyers are currently outnumbering sellers, and capital is actively flowing into the asset. Simply put, no panic is in here.
On the flip side, the Stochastic Indicator has thrown up a warning flag: %K and %D lines crossed downward around 54, suggesting temporary bearish momentum. But don't read too much into it. After all, the oscillator sits squarely in neutral—far from overbought or oversold—so this signal likely points to a short-term breather rather than a full-blown reversal.
Trading volumes are pretty much thin as the week gets going, which tells us institutional players aren't eager to push the pair lower in any meaningful way. What we are seeing now looks less like a downturn and more like a pause before deciding which way to break.
Fundamentals continue to pull the strings. At its latest meeting, the European Central Bank (ECB) kept borrowing costs unchanged, yet the regulatory warning on inflation got everyone's attention. The market caught the hint, starting to price in a rate hike as early as April or June—a development that gives the euro a tailwind. The US dollar, meanwhile, is still riding its safe-haven status, which puts a floor under the pair but also caps any sharp moves lower.
Looking ahead, a dip toward 1.14600 could be in the cards—a level at which buyers have previously stepped in and are likely to do so again. Below that, 1.14000 stands as the main safety net, the same threshold that sparked the March 13 rebound. For now, the range holds, though the next breakout might set the tone.
For those looking to act, pay attention to the trading plan down below:
Buy EURUSD near 1.14600. Lock in profits at 1.16190. Place Stop Loss at 1.13900.
This forecast holds true from March 23 till March 30, 2026.
This content is for informational purposes only and is not intended to be investing advice.
