The Euro Dollar EUR/USD currency pair continues to move within a growing trend and a bullish channel. Moving averages indicate a short-term bearish trend 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 1.1701. The Forex forecast for January 22, 2026, anticipates an attempt to further decline in prices and a test of the support level located near 1.1670 for the EUR/USD pair. This is followed by an upward rebound and the beginning of a bullish momentum in the Euro Dollar currency pair. A potential target for such a move on Forex is above 1.1895.
EUR/USD Forecast Euro Dollar for January 22, 2026
An additional signal in favor of a growth 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 upper boundary of the bearish channel. A price decline and a breakout of 1.1565 will cancel the growth scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continued decline to 1.1425. A breakout of the resistance area at 1.1785 should confirm the growth of the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for January 22, 2026 suggests an attempt at a correction in currency quotes, testing support near 1.1670. 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 1.1895. A breakout from the support line on the relative strength indicator (RSI) will serve as an additional signal. A decline in the EUR/USD pair and a breakout of 1.1565 will cancel the upward trend. This will indicate a breakout of the support zone and a continued decline in the currency pair on Forex toward 1.1425.
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