The Euro Dollar EUR/USD currency pair continues to move within a developing correction and the beginning of a “Triangle” pattern. Moving averages indicate a short-term bearish trend for the pair. Prices have broken above the area between the signal lines, indicating upward pressure from buyers of the European currency and potential continued growth in the currency pair from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate today is 1.1670. As part of the Forex forecast for April 9, 2026, we expect an attempt at a bearish correction in quotes and a test of the support level located near 1.1625 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 1.1885.
EUR/USD Forecast Euro Dollar for April 9, 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 Triangle pattern. A price decline and a breakout of 1.1575 will cancel the growth scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continued decline to 1.1395. A breakout of the resistance area at 1.1725 should confirm the growth of the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for April 9, 2026 suggests an attempt at a bearish correction in currency quotes with a test of the support level near 1.1625. This is where we should expect an upward rebound in the EUR/USD currency pair and an attempt at continued growth in the Forex market with a target of 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 1.1575 would invalidate the upward trend. This would indicate a breakout of the support zone and a continued decline in the currency pair on Forex toward 1.1395.
