The EUR/USD currency pair continues to move within the correction and bullish channel. Moving averages indicate a short-term upward trend for the pair. Prices are again testing the area between the signal lines, which indicates 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-dollar exchange rate for today is 1.1663. As part of the Forex forecast for July 22, 2025, we should expect an attempt to develop a bearish correction of quotes and a test of the support level, which is located on the EUR/USD pair near the 1.1635 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 1.1825 level.
EUR/USD Forecast Euro Dollar for July 22, 2025
An additional signal in favor of the growth 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 1.1515 level tomorrow will cancel the growth option for the Euro-Dollar currency pair. This will indicate a breakout of the support area and a continuation of the decline to the level of 1.1375. Confirmation of growth in the EUR/USD currency pair should be expected with a breakout of the resistance area at the level of 1.1705, which will indicate a breakout of the upper border of the bullish correction channel.
EUR/USD Forecast Euro Dollar for July 22, 2025 suggests an attempt to develop a bearish correction in currency quotes with a test of the support level near 1.1635. From there, we can expect a rebound in the Euro-Dollar currency pair and an attempt to continue the growth of the asset’s value on the market to the 1.1825 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 1.1515 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 Forex to the 1.1375 mark.
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