The Euro Dollar EUR/USD currency pair ends the trading week with a strong growth near the level of 1.0387. The moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop growth in the EUR/USD quotes and a test of the resistance area near the level of 1.0995. From where a downward rebound and continued fall of the Euro Dollar currency pair is expected in the current trading week. The potential growth target is the area below the level of 1.0505.
EUR/USD Weekly Forecast March 17 — 21, 2025
An additional signal in favor of the fall of the EUR/USD pair on Forex will be a test of the resistance line on the relative strength indicator (RSI indicator), previously there was a rebound from this resistance line followed by a fall in price. The second signal will be a rebound from the upper border of the bearish channel. The cancellation of the option of falling quotes for the Euro Dollar pair in the current trading week of March 17 — 21, 2025, will be a strong growth and a breakout of the level of 1.1105. This will indicate a breakout of the resistance area and a continuation of the rise of the pair to the area above the level of 1.1365. With a breakout of the support area and closing of quotes below the level of 1.0675, we should expect confirmation of the fall in quotes for the pair, which will indicate a breakout of the lower border of the bullish channel.
EUR/USD Weekly Forecast March 17 — 21, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the level of 1.0995. Where should we expect a downward price rebound and a continuation of the pair’s fall on the Forex market to the area below the level of 1.0505. An additional signal in favor of a decline will be a test of the resistance line on the relative strength indicator (RSI). The cancellation of the Euro Dollar fall option will be a strong growth and a breakout of the level of 1.1105. In this case, we should expect the pair to continue growing with a potential target at 1.1365.
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