The EUR/USD currency pair continues to move within the framework of a correction and the formation of an inverted “Head and Shoulders” pattern. Moving averages indicate a short-term upward trend for the pair. Prices have broken through the area between the signal lines, indicating pressure from buyers of the European currency and a potential continuation of the currency pair’s growth from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1622. As part of the Forex forecast for August 15, 2025, we can expect an attempt at a bearish correction of quotes and a test of the support level, which is located on the EUR/USD pair near the 1.1535 area. Further, prices will rebound upward and the Euro-Dollar currency pair will continue to grow. The potential target for such a movement on FOREX is the area above the 1.1825 level.
EUR/USD Forecast Euro Dollar for August 15, 2025
An additional signal in favor of the growth scenario for the EUR/USD currency pair tomorrow will be a rebound from the support line on the RSI indicator. The second signal in favor of this option will be a rebound from the lower border of the “Head and Shoulders” reversal pattern. A fall and breakout of the 1.1375 level tomorrow will cancel the growth option for the Euro-Dollar currency pair. This will indicate a breakout of the support area and a continuation of the decline to the 1.1185 level. Confirmation of growth in the EUR/USD currency pair should be expected with a breakout of the resistance area at 1.1745, which will indicate a breakout of the upper border of the “Head and Shoulders” reversal pattern and the beginning of the pattern’s implementation with targets at the top.
EUR/USD Forecast Euro Dollar for August 15, 2025 suggests an attempt to develop a bullish correction in currency quotes with a test of the support level near 1.1535. This should lead to an upward rebound in the Euro Dollar currency pair and an attempt to continue the growth of the asset’s value on the market to 1.1825. A rebound from the support line on the relative strength index (RSI) will serve as an additional signal in favor of the instrument’s rise on the Forex market. A decline in quotes and a breakout of the 1.1375 level will cancel the EUR/USD growth scenario. This will indicate a breakout of the support zone and a continuation of the currency pair’s decline on Forex to the 1.1185 mark.
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