The Euro Dollar EUR/USD currency pair continues to move within a declining and bullish channel. Moving averages indicate a short-term uptrend for the pair. Prices are again testing the area between the signal lines, indicating pressure from buyers of the European currency and potential continued growth in the currency pair from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate today is 1.1712. As part of the Forex forecast for January 6, 2026, we expect an attempt to continue the decline in quotes and a test of the support level located near 1.1685 for the EUR/USD pair. Subsequently, an upward rebound in prices and the beginning of a bullish momentum in the Euro Dollar currency pair is expected. The potential target for such a move on Forex is the area above 1.1855.
EUR/USD Forecast Euro Dollar for January 6, 2026
An additional signal in favor of a downward 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 1.1635 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 1.1445. A breakout of the resistance area at 1.1755 should confirm the upward trend for the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for January 6, 2026 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1685. 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 1.1855. 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 1.1635 will cancel out the upside potential. This will indicate a breakout of the support zone and a continued decline in the currency pair on Forex, toward 1.1445.
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