The Euro Dollar EUR/USD currency pair continues to move within a developing bullish correction and a descending channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken below the area between the signal lines, indicating growing downward pressure from sellers of the European currency and a potential continuation of the decline in the currency pair from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate today is 1.1422. As part of the Forex forecast for July 1, 2026, we expect an attempt at a bullish correction in quotes and a test of the resistance level located near 1.1445 on the EUR/USD pair. Subsequently, a downward rebound in prices and continued downward momentum in the Euro Dollar currency pair is expected. The potential target for such a move on FOREX is the area below 1.1235.
EUR/USD Forecast Euro Dollar for July 1, 2026
An additional signal in favor of a downward scenario for the EUR/USD currency pair tomorrow will be a rebound from the descending resistance line on the RSI indicator; quotes have already bounced downward from this line several times. A second signal in favor of this scenario will be a rebound from the upper boundary of the descending channel. A strong price increase and a breakout of 1.1495 will cancel the downward scenario for the EUR/USD currency pair on July 1, 2026. This will indicate a breakout of the upper boundary of the descending channel and a continuation of the bullish price correction to 1.1765. Confirmation of the decline in the EUR/USD currency pair should be expected with a breakout of local support at 1.1375, which will signal the end of the current bullish correction for the pair.
EUR/USD Forecast Euro Dollar for July 1, 2026 suggests an attempt to develop a bullish correction in currency quotes with a test of the resistance level near 1.1445. We should expect a downward rebound in the EUR/USD currency pair and an attempt to continue the instrument’s decline on the Forex market, targeting 1.1235. An additional signal supporting this scenario would be a breakout from the resistance line on the relative strength indicator (RSI). A strong rally and a breakout of 1.1495 would invalidate the EUR/USD downside scenario. This would indicate a breakout of the resistance zone and a continued rise in the currency pair on the Forex market to 1.1765.
