EUR/USD and Bitcoin expectations: Prior to commercial wars

Major occasions this week

• The European Union and the UK strengthen Ukraine’s assist amid the peace settlement negotiations between the USA, Russia and Ukraine.
• Bitcoin rises above 92,000 after Trump introduced a strategic reserve of digital currencies.
• The chance of economic wars and main financial information variations this week will increase the uncertainty and market fluctuations.

Geopolitical developments: strategic actions from the euro and Ukraine area

After the dispute between Trump and Zelinski on Friday, which led to the failure of the proposed peace settlement between the USA and Ukraine, which included the change of Ukrainian minerals towards American safety ensures, the European Union and the UK held an emergency safety summit in London to verify their assist for Ukraine.

However, the European Union accelerated its protection initiatives to boost safety and attempt to attain a short lived ceasefire, to pave the way in which for extra negotiations.

Bitcoin top above 90,000 after saying the strategic reserve plan for digital currencies

In addition to the risks of economic wars and geopolitical tensions within the first week of March, Trump’s announcement of a strategic baccalaureate plan – which incorporates Solana, XRP, Cardano, Bitcoin, and Ethereum – led to a big enhance within the digital foreign money market.

It’s fascinating that on the similar time final yr, Bitcoin was in a wave of rise in direction of its highest normal ranges close to 70,000. Nonetheless, the opportunity of climbing stays unconfirmed in gentle of the dangers of economic wars and financial considerations. If peace negotiations advance and financial indicators are positively suitable, Bitcoin might be able to restore its highest ranges and even report new data in 2025.

Technical evaluation

EUR/USD predictions: timeframe 3 days – Logaretmate scale

Supply: TradingView

EUR/USD pair managed to remain inside a triangular mannequin under the resistance stage 1.0530, a stage that has not succeeded in penetrating throughout 2025 but. The pair stays the best decrease restrict of the mannequin and assist for 1.0360, which boosts the opportunity of re -testing 1.05.

• Optimistic situation: The closure above 1.0530 might pay the beneficial properties about 1.0620, 1.0730, and 1.0850.
• The unfavorable situation: The closure beneath 1.0360 might restore the development about 1.0250, 1.0130, 1.0000, and 0.9900.

BTC/USD forecast: 3 days timeframe – Logaretmate scale

Supply: TradingView

Utilizing the Fibonacci correction device for the upward development between the bottom ranges of August 2024 at 49,577 and the best ranges of January 2025 at 109,350, the correction respects the principle Vibonacci lineage. The final bounce coincided with a 50% correction stage at 79,000 with Trump’s announcement of the strategic reserve of digital currencies, prompting bitcoin in direction of the Fibonacci stage 0.272 at 93,000.

Nonetheless, the final backside is according to the Fibonacci 1.618 extension of the corrective sample shaped between the summit of December 2024 at 108,364, January 2025 at 89,150, and January 2025 Summit at 109,350.

• Optimistic situationStability above 93,000 might improve the peak about 100,000 and maybe to its normal stage close to 109,350.
• The unfavorable situationClosing under 86,000 might result in additional declines in direction of assist at 79,000, adopted by the decisive stage 72,000, which is according to the Fibonacci 0.610 correction.

Razan Hilal, CMT
Continued x: @rh_waves