The Euro Dollar EUR/USD currency pair continues to move in a downward trend and is forming a Triangle pattern. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, indicating selling pressure on the European currency and a potential further decline in the currency pair from current levels. At the time of publication of this forecast, the Euro to Dollar exchange rate is currently at 1.1551. As part of the Forex forecast for April 1, 2026, we expect an attempt at a bearish correction in quotes and a test of the support level located near 1.1465 on the EUR/USD pair. Subsequently, we expect an upward rebound in prices and continued growth momentum in the Euro Dollar currency pair. A potential target for such a move on FOREX is above 1.1775.
EUR/USD Forecast Euro Dollar for April 1, 2026
An additional signal in favor of a growth scenario for the EUR/USD currency pair tomorrow will be a rebound from the support line on the RSI indicator. A second signal in favor of this scenario will be a rebound from the lower boundary of the Triangle pattern. A price decline and a breakout of 1.1405 will cancel the growth scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continuation of the decline to 1.1245. Confirmation of the growth in the EUR/USD currency pair should be expected with a breakout of the resistance area at 1.1645, which will indicate a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern with targets above.
EUR/USD Forecast Euro Dollar for April 1, 2026 suggests an attempt to develop a bearish correction in currency quotes with a test of the support level near 1.1465. Where should we expect an upward rebound in the Euro/Dollar currency pair and an attempt to continue the instrument’s growth on the Forex market, targeting 1.1775? An additional signal supporting this scenario would be a break from the support line on the relative strength indicator (RSI). A decline in the EUR/USD pair and a break of 1.1405 would cancel the upward trend. This would indicate a break of the support zone and a continued decline in the currency pair on Forex toward 1.1245.
