The Euro Dollar currency pair EUR/USD continues to move within the framework of the decline and completion of the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term upward 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 to Dollar exchange rate for today is 1.1591. As part of the Forex forecast for July 30, 2025, we can expect an attempt to develop an upward movement in quotes and a test of the resistance level, which is located on the EUR/USD pair near the 1.1645 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 1.1355 level.
EUR/USD Forecast Euro Dollar for July 30, 2025
An additional signal in favor of the development of a decline scenario for 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 option will be a rebound from the lower border of the bullish channel. A strong rise and a breakout of the 1.1805 level tomorrow will cancel the option 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 1.2165 level. Confirmation of a decline in the EUR/USD currency pair should be expected with a breakout of the support area at 1.1535, which will indicate a breakout of the lower border of the “Head and Shoulders” reversal pattern and the beginning of the pattern’s implementation with targets below.
EUR/USD Forecast Euro Dollar for July 30, 2025 suggests an attempt to develop a bullish correction in currency quotes with a test of the resistance level near 1.1645. From there, we can expect a rebound in the Euro-Dollar currency pair and an attempt to continue the decline in the asset’s value on the market to the 1.1355 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 1.1805 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 1.2165 mark.
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