The Euro Dollar EUR/USD currency pair continues to move higher and form a Double Bottom reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are once again testing the area between the signal lines, indicating pressure from European currency bulls and potential continued growth from current levels. At the time of publication of this forecast, the Euro to Dollar exchange rate is currently at 1.1789. As part of the Forex forecast for February 27, 2026, we expect an attempt at a bearish correction and a test of the support level located near 1.1765 on the EUR/USD pair. Subsequently, we expect an upward rebound in prices and continued growth momentum in the Euro Dollar currency pair. A potential target for such a move on FOREX is above 1.1955.
EUR/USD Forecast Euro Dollar for February 27, 2026
An additional signal in favor of a growth scenario for the EUR/USD currency pair tomorrow will be a rebound from the bullish 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 1.1725 will cancel the growth scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continuation of the decline to 1.1565. Confirmation of the growth in the EUR/USD currency pair should be expected with a breakout of the resistance area at 1.1855, which will indicate a breakout of the upper boundary of the Double Bottom reversal pattern and the beginning of the pattern with targets above.
EUR/USD Forecast Euro Dollar for February 27, 2026 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1765. This should lead to an upward rebound in the EUR/USD pair and an attempt at continued growth in the Forex market, targeting 1.1955. A rebound from the support line on the relative strength indicator (RSI) would be an additional signal in favor of this scenario. A decline in the EUR/USD pair and a breakout of 1.1725 would cancel the upward trend. This would indicate a breakout of the support zone and a continued decline in the currency pair on Forex, toward 1.1565.
