The EUR/USD currency pair continues to move within the framework of the decline and the beginning of the “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 downwards, indicating pressure from sellers of the European currency and a potential continuation of the decline in the currency pair’s quotes from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1681. As part of the Forex forecast for August 20, 2025, we should expect an attempt at a bullish correction of quotes and a test of the resistance level, which is located on the EUR/USD pair near the 1.1665 area. Further, a rebound in prices downwards and a continuation of the decline in the Euro-Dollar currency pair. The potential target for such a movement on FOREX is the area below the 1.1455 level.
EUR/USD Forecast Euro Dollar for August 20, 2025
An additional signal in favor of the development of a downward scenario for the EUR/USD currency pair tomorrow will be a rebound from the resistance 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 strong rise and a breakout of the 1.1785 level tomorrow will cancel the option of a decline in the Euro-Dollar currency pair. This will indicate a breakout of the resistance area and a continuation of price growth to the 1.1995 level. Confirmation of a decline in the EUR/USD currency pair should be expected with a breakout of the support area at 1.1585, which will indicate a breakout of the lower border of the bullish channel.
EUR/USD Forecast Euro Dollar for August 20, 2025 suggests an attempt at a bullish correction in currency quotes with a test of the resistance level near 1.1665. From there, we can expect a rebound in the Euro Dollar currency pair and an attempt to continue the decline in the asset’s value on the market to the 1.1455 mark. An auxiliary signal in favor of a decline in the instrument on the Forex market will be a rebound from the resistance line on the relative strength index (RSI). A strong rise in quotes and a breakout of the 1.1785 level will cancel the EUR/USD decline scenario. This will indicate a breakout of the resistance zone and a continuation of the currency pair’s growth on Forex to the 1.1995 mark.
