The Euro Dollar EUR/USD currency pair continues to decline and has exited the bullish channel. Moving averages indicate a short-term uptrend for the pair. Prices have broken below the signal lines, indicating downward pressure from sellers of the European currency and a potential further decline in the currency pair from current levels. At the time of publication of this forecast, the Euro to Dollar exchange rate is currently at 1.1688. As part of the Forex forecast for January 9, 2026, we expect an attempt to further increase prices and a test of the resistance level located near 1.1685 on the EUR/USD pair. Subsequently, a downward rebound is expected, and a bearish momentum is expected to develop in the Euro Dollar pair. The potential target for such a move on Forex is below 1.1485.
EUR/USD Forecast Euro Dollar for January 9, 2026
An additional signal in favor of a downward scenario for the EUR/USD currency pair tomorrow will be a rebound from the resistance 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 strong price increase and a breakout of 1.1865 will cancel out the downward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the resistance area and continued price growth to 1.1995. A breakout of the support area at 1.1625 should confirm the downward scenario for the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for January 9, 2026 suggests an attempt to rise in the currency pair, testing resistance near 1.1685. This is where we should expect a downward rebound in the EUR/USD pair and a continued decline in the Forex market, targeting 1.1485. A rebound from the resistance line on the relative strength indicator (RSI) would serve as an additional signal. A strong rally and a breakout of 1.1865 would cancel the downward trend for the EUR/USD pair. This will indicate a breakout of the resistance zone and continued growth of the currency pair on Forex towards 1.1995.
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