The Euro Dollar EUR/USD currency pair continues to move within the development of the rise and the ascending channel. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a potential continuation of the growth of the currency pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1771. As part of the Forex forecast for July 4, 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 area of 1.1675. Next, a rebound in prices upwards and continued growth of the Euro Dollar currency pair. The potential target of such a movement on FOREX is the area above the level of 1.2045.
EUR/USD Forecast Euro Dollar for July 4, 2025
An additional signal in favor of the development 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. The cancellation of the growth scenario for the Euro Dollar currency pair tomorrow will be a fall and a breakout of the 1.1735 level. This will indicate a breakout of the support area and the continuation of the fall to the level of 1.1465. Confirmation of growth for the EUR/USD currency pair should be expected with a breakout of the resistance area at 1.1845.
EUR/USD Forecast Euro Dollar for July 4, 2025 suggests an attempt to develop a bearish correction of currency quotes with a test of the support level near the level of 1.1675. Where should we expect a rebound in quotes upwards of the Euro Dollar currency pair and an attempt to continue the rise in the value of the asset on the market to the level of 1.2045. An additional signal in favor of raising the instrument on the Forex market will be a rebound from the support line on the relative strength indicator (RSI). The cancellation of the growth option for the EUR/USD pair will be a drop in quotes and a breakout of the level of 1.1735. This will indicate a breakout of the support zone and a continuation of the fall of the currency pair on Forex to the level of 1.1465.
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