The past week was marked by heightened volatility across global financial markets, driven primarily by geopolitical tensions in the Middle East and a sharp rise in oil prices. The US dollar strengthened as a safe-haven asset, while risk-sensitive instruments, including cryptocurrencies and equities, came under pressure.
The upcoming week features several key macroeconomic releases, including Eurozone inflation data and the US labor market report. These indicators may significantly influence expectations regarding future monetary policy from the ECB and the Federal Reserve.
By the close of trading on Friday, March 27, 2026, the main instruments were trading near the following levels:
EUR/USD – 1.1510
Brent – 105.32
Gold – 4,524.30
Silver – 69.796
Bitcoin – 66,395.8
Ethereum – 1,992.95
These levels serve as baseline reference points for the forecast below.
EUR/USD
The EUR/USD pair ended the week at 1.1510, retreating from local highs near 1.1640. The strengthening US dollar, supported by safe-haven demand amid geopolitical uncertainty, continues to pressure the euro. At the same time, the Eurozone faces a complex mix of rising inflation risks and slowing economic growth.
Resistance levels are located at 1.1550 and 1.1580. A sustained move above these levels could open the way toward 1.1630–1.1640.
Support levels are found at 1.1500 and 1.1485. A break below may lead to further decline toward 1.1450.
Baseline view: Neutral-to-bearish while the pair remains below 1.1550.
Brent Crude Oil
Brent crude closed the week at $105.32, remaining elevated amid ongoing geopolitical tensions and concerns over potential supply disruptions. The market continues to react sharply to news headlines, maintaining a high volatility environment.
Resistance levels are at $107.00 and $109.80. A breakout above could push prices toward $112.00.
Support levels are located at $102.50 and $100.00. A breakdown below may lead to a decline toward $97.00.
Baseline view: Bullish while prices remain above $100.00, with volatility driven by geopolitical developments.
Gold (XAU/USD)
Gold finished the week at $4,524.30, showing unstable dynamics despite geopolitical risks. The metal remains influenced by competing factors: safe-haven demand on one side and pressure from a stronger US dollar and rising yields on the other.
Resistance is located at $4,585 and $4,634. A breakout above may lead to a move toward $4,700.
Support levels are seen at $4,450 and $4,400. A break below could open the way toward $4,300.
Baseline view: Neutral within the $4,450–$4,585 range.
Silver (XAG/USD)
Silver closed at $69.796, continuing to exhibit elevated volatility. The metal remains sensitive to both inflation expectations and broader market sentiment, particularly in relation to industrial demand.
Resistance levels are at $71.75 and $72.40. A move above may target $74.80.
Support is found at $68.40 and $67.50. A breakdown could lead to $66.70.
Baseline view: Neutral-to-bullish while above $67.50.
Bitcoin (BTC/USD)
Bitcoin ended the week at $66,395.8, weakening toward the lower boundary of its recent range. The cryptocurrency market remains under pressure from risk-off sentiment and a stronger US dollar.
Resistance levels are located at $66,500 and $68,800. A breakout above may lead to recovery toward $70,000–71,900.
Support levels are seen at $65,600 and $64,500. A break below may expose $63,000.
Baseline view: Bearish-to-neutral while below $68,800.
Ethereum (ETH/USD)
Ethereum closed at $1,992.95, showing weaker performance compared to Bitcoin. The asset failed to hold above the $2,100 level, indicating declining short-term momentum.
Resistance levels are at $2,000 and $2,060. A breakout above could lead to $2,100–2,170.
Support levels are at $1,973 and $1,950. A breakdown may extend losses toward $1,900.
Baseline view: Bearish-to-neutral while below $2,060.
Conclusion
Markets are expected to remain highly volatile in the week ahead. The key drivers will continue to be geopolitical developments, oil price movements, and macroeconomic data releases.
Brent crude remains the primary momentum driver across markets, while EUR/USD and precious metals will likely react to inflation data and interest-rate expectations. Cryptocurrencies may remain under pressure unless overall risk sentiment improves.
The baseline scenario suggests continued uncertainty and elevated volatility across all instruments.
NordFX Analytical Group
Disclaimer: These materials are not an investment recommendation or a guide for working on financial markets and are for informational purposes only. Trading on financial markets is risky and can lead to a complete loss of deposited funds.
