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 1.1898. As part of the Forex forecast for February 11, 2026, we expect an attempt at a bearish correction in quotes and a test of the support level located near 1.1865 on the EUR/USD pair. Subsequently, we expect an upward rebound in prices and continued bullish momentum in the Euro Dollar currency pair. A potential target for such a move on Forex is above 1.2035.
EUR/USD Forecast Euro Dollar for February 12, 2026
An additional signal in favor of a bullish 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 lower boundary of the bullish channel. A price decline and a breakout of 1.1825 will cancel out the upward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continuation of the decline to 1.1675. Expect confirmation of the upside for the EUR/USD currency pair with a breakout of the resistance area at 1.1985, which will signal a breakout of the upper boundary of the descending channel.
EUR/USD Forecast Euro Dollar for February 12, 2026 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1865. This is where we should expect an upward rebound in the EUR/USD pair and an attempt at continued growth in the Forex market, targeting 1.2035. A rebound from the support line on the relative strength indicator (RSI) would serve as an additional signal. The EUR/USD rally would be cancelled if the pair falls below 1.1825. This would signal a breakout of the support zone and a continued decline in the currency pair on Forex toward 1.1675.
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