The Euro Dollar currency pair EUR/USD continues to move within the bearish correction and upward channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines downwards, indicating pressure from buyers of the European currency and a potential continuation of the currency pair’s growth from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1709. As part of the Forex forecast for July 11, 2025, we can expect an attempt at a bearish correction of quotes and a test of the support level, which is located on the EUR/USD pair near the 1.1655 area. Further, prices will rebound upward, and the Euro-Dollar currency pair will continue to grow. The potential target for such a movement on FOREX is the area above the 1.1905 level.
EUR/USD Forecast Euro Dollar for July 11, 2025
An additional signal in favor of the development of a rise scenario for the EUR/USD currency pair tomorrow will be a rebound from the support line on the RSI indicator. The second signal in favor of this option will be a rebound from the lower border of the bullish channel. A fall and breakout of the 1.1605 level tomorrow will cancel the option of growth in the Euro-Dollar currency pair. This will indicate a breakout of the support area and a continuation of the decline to the 1.1475 level. Confirmation of growth in the EUR/USD currency pair should be expected with a breakout of the resistance area at 1.1765, which will indicate a breakout of the upper border of the downward correction channel.
EUR/USD Forecast Euro Dollar for July 11, 2025 suggests an attempt at a bearish correction of currency quotes with a test of the support level near 1.1655. From there, we can expect a rebound in the Euro-Dollar currency pair and an attempt to continue the rise in the asset’s value on the market to the 1.1905 mark. An auxiliary signal in favor of the instrument’s rise on the Forex market will be a rebound from the support line on the relative strength index (RSI). A decline in quotes and a breakout of the 1.1605 level will cancel the EUR/USD growth scenario. This will indicate a breakout of the support zone and a continuation of the currency pair’s decline on the Forex market to the 1.1475 mark.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
