The Euro Dollar currency pair EUR/USD continues to move within the correction and downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers of the European currency and a potential continuation of the decline in the currency pair’s quotes from current levels. At the time of publication of the forecast, the euro-dollar exchange rate for today is 1.1627. As part of the Forex forecast for July 18, 2025, we should expect an attempt to develop a bullish correction of quotes and a test of the resistance level, which is located on the EUR/USD pair near the 1.1675 area. Further, a rebound in prices downwards and a continuation of the decline in the euro-dollar currency pair. The potential target for such a movement on FOREX is the area below the level of 1.1455.
EUR/USD Forecast Euro Dollar for July 18, 2025
An additional signal in favor of a decline in the EUR/USD currency pair tomorrow will be a rebound from the resistance line on the RSI indicator. The second signal in favor of this scenario will be a rebound from the upper border of the bearish channel. A strong rise and a breakout of the 1.1785 level tomorrow will cancel the scenario of a decline in the Euro-Dollar currency pair. This will indicate a breakout of the resistance area and a continuation of growth to the 1.1975 level. Confirmation of a decline in the EUR/USD currency pair should be expected with a breakout of the support area at 1.1585.
EUR/USD Forecast Euro Dollar for July 18, 2025 suggests an attempt at a bullish correction in currency quotes with a test of the resistance level near 1.1675. From there, we can expect a downward rebound in the Euro-Dollar currency pair and an attempt to continue the decline in the asset’s value on the market to the 1.1455 mark. An auxiliary signal in favor of a decline in the instrument on the Forex market will be a rebound from the resistance line on the relative strength index (RSI). A strong rise in quotes and a breakout of the 1.1785 level will cancel the EUR/USD decline scenario. This will indicate a breakout of the resistance zone and a continuation of the currency pair’s growth on Forex to the 1.1975 mark.
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