The Euro Dollar EUR/USD currency pair continues to move within the development of the rise and the me channel. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the European currency and a potential continuation of the fall in quotes of the currency pair from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1652. As part of the Forex forecast for August 28, 2025, we should expect an attempt to develop a bullish correction of quotes and a test of the resistance level, which is located on the EUR/USD pair near the area of 1.1675. Next, a downward rebound in prices and a continuation of the fall of the Euro Dollar currency pair. The potential target of such a movement on FOREX is the area below the level of 1.1465.
EUR/USD Forecast Euro Dollar for August 28, 2025
An additional signal in favor of the development of the scenario of a fall in 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 upper border of the descending channel. The cancellation of the scenario of a fall in the quotes of the Euro Dollar currency pair tomorrow will be a strong growth and a breakout of the level of 1.1765. This will indicate a breakout of the resistance area and the continuation of the development of price growth to the level of 1.1985. Confirmation of the fall in the EUR/USD currency pair should be expected with a breakout of the support area at the level of 1.1535, which will indicate a breakout of the lower border of the bullish channel.
EUR/USD Forecast Euro Dollar for August 28, 2025 suggests an attempt to develop a bullish correction of currency quotes with a test of the resistance level near the level of 1.1675. Where should we expect a downward rebound in quotes for the Euro Dollar currency pair and an attempt to continue the fall in the asset value on the market to the level of 1.1465. An additional 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 indicator (RSI). The cancellation of the fall option for the EUR/USD pair will be a strong increase in quotes and a breakout of the level of 1.1765. This will indicate a breakout of the resistance zone and continued growth of the currency pair on Forex to 1.1985.
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