The Euro Dollar EUR/USD currency pair continues to move within a growing and bullish channel. Moving averages indicate a short-term uptrend for the pair. Prices have broken above 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 this forecast, the Euro to Dollar exchange rate is currently at 1.1786. As part of the Forex forecast for December 24, 2025, we expect an attempt to continue the decline in prices and a test of the support level located near 1.1735 for the EUR/USD pair. Subsequently, we expect an upward rebound in prices and the beginning of a bullish momentum in the Euro Dollar currency pair. The potential target for such a move on Forex is above 1.1925.
EUR/USD Forecast Euro Dollar for December 24, 2025
An additional signal in favor of a growth scenario for the EUR/USD currency pair tomorrow will be a rebound from the trend line on the RSI indicator. A second signal in favor of this scenario will be a rebound from the lower boundary of the bullish channel. A price decline and a breakout of 1.1685 will cancel out the growth scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continued decline to 1.1565. A breakout of the resistance area at 1.1835 should confirm the growth of the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for December 24, 2025 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1735. This is where we should expect an upward rebound in the EUR/USD pair and an attempt at continued growth to 1.1925. A rebound from the support line on the relative strength indicator (RSI) will serve as an additional signal in favor of an uptrend in the Forex market. A decline in quotes and a break of 1.1685 would cancel out the EUR/USD uptrend. This would indicate a break of the support zone and a continued decline in the currency pair on Forex toward 1.1565.
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