The Euro Dollar EUR/USD currency pair continues to move within a declining trend and a descending channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken below the signal lines, indicating growing downward pressure from sellers of the European currency and a potential continuation of the decline in the currency pair from current levels. At the time of publication of this forecast, the Euro to Dollar exchange rate is currently 1.1672. As part of the Forex forecast for April 30, 2026, we expect an attempt at a bullish correction in quotes and a test of the resistance level located near 1.1705 on the EUR/USD pair. Subsequently, a downward rebound in prices and continued downward momentum in the Euro Dollar currency pair is expected. The potential target for such a move on Forex is below 1.1535.
EUR/USD Forecast Euro Dollar for April 30, 2026
An additional signal in favor of a downward scenario for the EUR/USD currency pair tomorrow will be a rebound from the resistance line on the RSI indicator. A second signal in favor of this scenario will be a rebound from the upper boundary of the bearish channel. A strong price increase and a breakout of 1.1755 will cancel the downward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the resistance area and a continued rise to 1.1965. A breakout of the support area at 1.1655 should confirm the decline in the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for April 30, 2026 suggests an attempt at a bullish correction in currency quotes with a test of the resistance level near 1.1705. From this point, a downward rebound in the EUR/USD currency pair and an attempt at a continued decline in the instrument on the Forex market with a target of 1.1535 should be expected. An additional signal supporting this scenario would be a rebound from the resistance line on the relative strength indicator (RSI). A strong rise in the EUR/USD pair and a breakout of 1.1755 would cancel the downward trend. This would indicate a breakout of the resistance zone and a continued rise in the currency pair on Forex to 1.1965.
