EUR/USD -- March 22, 2026
BEARISHEuro / US Dollar -- OTC / Interbank
How To Use This Archived Analysis
Use this page during review when you need a structured read on levels, event risk, and the specific mistakes this market snapshot could trigger for prop-firm traders.
What This Page Will Not Do
This analysis is not a trade signal and it does not know your live account state, size, or psychology. Use it as context and risk framing, not as an instruction to enter.
Summary
Weekend analysis. EUR/USD dropped 110 pips on the week, from 1.0870 to 1.0760. The FOMC hawkish surprise was the primary catalyst. The weekly chart shows a bearish engulfing candle below the 200-day MA. Key question: does 1.0760 hold or do we test 1.0700?
Trading Notes
Weekly bearish engulfing below the 200-day MA is a significant technical development.
The euro carry trade (short EUR, long higher-yielding currencies) is becoming more attractive as rate differentials widen.
Eurozone CPI next Thursday will be the next directional catalyst for EUR/USD.
CoT report shows speculators reduced EUR longs by 22% this week.
Prop Firm Warnings
If you were net long EUR/USD this week and lost, analyze what went wrong. Did you ignore the FOMC risk?
Weekend review: calculate your remaining drawdown cushion in pip terms for EUR/USD. Know your exact risk budget.
Suggested Strategy
Preparation day. The bearish case targets 1.0700. The bullish case requires a daily close above 1.0830. Plan both scenarios for Monday.
News Impact
| Event | Impact | Time |
|---|---|---|
| No major releases (weekend) | low | -- |
Key Levels
| Level | Price |
|---|---|
| R1 | 1.0870 |
| R2 | 1.0830 |
| R3 | 1.0800 |
| PIVOT | 1.0780 |
| S1 | 1.0760 |
| S2 | 1.0730 |
| S3 | 1.0700 |
Risk Level
low
This analysis is AI-generated for educational purposes only. It is not financial advice. Always follow your prop firm's specific rules and consult with a qualified financial advisor before making trading decisions. Past performance does not guarantee future results.