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EUR/USD Forecast: Critical Correction Risks Threaten Recent Rally – ING Analysis
LONDON, March 2025 – The EUR/USD currency pair faces mounting correction risks following its recent rally, according to fresh technical analysis from ING. Market participants now scrutinize key chart levels as fundamental and technical factors converge.
EUR/USD Technical Analysis Reveals Correction Signals
ING’s technical team identifies several warning signs on EUR/USD charts. The pair recently tested significant resistance near 1.0950 before showing hesitation. Furthermore, momentum indicators display clear divergence from price action. The Relative Strength Index (RSI) approached overbought territory above 70 last week. Meanwhile, trading volume during the rally’s final stages diminished noticeably.
Several key technical levels now demand attention from forex traders. First, immediate support rests at the 1.0850 level, representing the 50-day moving average. Second, a more substantial support zone exists between 1.0780 and 1.0800. This area previously acted as resistance before the breakout. Third, the 200-day moving average provides longer-term support near 1.0720.
