The Euro Dollar EUR/USD currency pair continues to move within a developing correction and 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 continuation of the decline in the currency pair from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate today is 1.1574. As part of the Forex forecast for April 8, 2026, we expect an attempt at a bearish correction in quotes and a test of the support level located near 1.1535 on the EUR/USD pair. Subsequently, an upward rebound in prices and continued growth momentum in the Euro Dollar currency pair are expected. The potential target for such a move on FOREX is the area above 1.1745.
EUR/USD Forecast Euro Dollar for April 8, 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 upper boundary of the descending channel. A price decline and a breakout of 1.1445 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 price decline to 1.1265. 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 , 2026 suggests an attempt to develop a bullish correction in currency quotes with a test of the resistance level near 1.1535. 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 1.1745? 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 1.1445 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 1.1265.
