The Euro Dollar EUR/USD currency pair continues to move within a developing correction and ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the area between the signal lines, indicating growing pressure from buyers of the European currency and potential continued growth of the currency pair from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate today is 1.1742. As part of the Forex forecast for April 28, 2026, we expect an attempt at a bearish correction in quotes and a test of the support level located near 1.1695 on the EUR/USD pair. Subsequently, we expect an upward rebound in prices and continued growth momentum in the Euro Dollar currency pair. The potential target for such a move on FOREX is the area above 1.1985.
EUR/USD Forecast Euro Dollar for April 28, 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 bullish channel. A price decline and a breakout of 1.1605 will cancel out the growth scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continuation of the price decline to 1.1385. A breakout of the resistance area at 1.1775 will confirm the growth of the EUR/USD currency pair, indicating a breakout of the upper boundary of the downward correction channel.
EUR/USD Forecast Euro Dollar for April 28, 2026 suggests an attempt to develop a bearish correction in currency quotes with a test of the support level near 1.1695. 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 1.1985? An additional signal supporting this scenario would be a rebound from the support line on the relative strength indicator (RSI). A decline in the EUR/USD pair and a breakout of 1.1605 would cancel the upward trend. This would indicate a breakout of the support zone and a continued decline in the currency pair on Forex toward 1.1385.
