Financial Markets Update: EURUSD, EURGBP, Natural Gas, and EURJPY Forecasts for March 12, 2025
Date: March 12, 2025
In today’s financial markets update, we examine the latest movements and forecasts for key currency pairs, as well as natural gas prices, providing traders and investors with insights necessary for strategic trading decisions.
EURUSD: Bullish Rebound as Price Tests 1.0900 Barrier
The EURUSD currency pair tested the significant resistance level of 1.0900 earlier today, responding with a bullish rebound that suggests an attempt to resume its expected bullish trend. Positive momentum is building as the stochastic indicator shows gradual gains, indicating potential upward movement. Furthermore, the Exponential Moving Average (EMA) 50 continues to offer robust support for the price action, reaffirming a bullish outlook for the near term.
Traders are advised to monitor the key levels closely as the market seeks to capitalize on any further upward momentum.
EURGBP: Strong Gains Following Resistance Break
In another significant development, the EURGBP has demonstrated remarkable gains by surpassing the critical resistance line of 0.8315. Following this breakthrough, the pair has formed several bullish waves and is currently trading near the 0.8430 mark. Analysts anticipate that a new support level will form around 0.8400, backed by continuous positive indicators, which could enhance the potential of targeting 0.8460. Should the EURGBP manage to breach this level, further trades could be extended towards the secondary target of 0.8485. The expected trading range for the day is set between 0.8410 and 0.8460, with a prevailing bullish trend forecasted.
Natural Gas: Awaiting Positive Momentum
In the commodities sector, natural gas prices are currently lacking the positive momentum necessary for a bullish advance. The stochastic indicator has declined below the 50 level, leading to mixed trading within a bullish channel. Prices are presently hovering around $4.350. It is crucial for natural gas to maintain a position above the additional support at $4.180 to bolster the potential for future gains. Should the market regain momentum, the first target will be $4.650, with a further goal set at $4.770. Today’s expected trading range is noted between $4.250 and $4.650, maintaining a bullish trend outlook.
EURJPY: Confirmation of Bullish Trend
Lastly, the EURJPY has achieved its target after experiencing a strong bullish rally yesterday. The pair has sustained its position near the second target at 161.65 and continues to enjoy the support of the moving average at 55. With anticipated support forming around 160.10 and additional positive momentum from stochastic indicators, the EURJPY is well-positioned to press against the 162.40 resistance line.
Traders should observe the market closely as the behavior of this level will be critical in determining the next trend. The expected trading range for today stands between 160.80 and 162.40, maintaining a bullish outlook.
Conclusion
As market dynamics continue to evolve, traders are encouraged to stay informed on these major currency pairs and natural gas prices. For further analysis and accurate trading signals, joining the Economies.com VIP Club could provide valuable insights and strategic advantages in navigating the financial landscape.
For the full report and to access exclusive content, subscribe to the Economies.com VIP Club through the link provided on their website.
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