The Euro Dollar currency pair EUR/USD continues to move within the growth and bullish channel. Moving averages indicate a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, 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, the Euro to Dollar exchange rate for today is 1.1581. As part of the Forex forecast for June 17, 2025, we can expect an attempt to develop a decline in quotes and a test of the support level, which is located on the EUR/USD pair near the 1.1525 area. Further, prices will rebound upward and the Euro-Dollar currency pair will continue to rise. The potential target for such a movement on FOREX is the area above the 1.1755 level.
EUR/USD Forecast Euro Dollar for June 17, 2025
An additional signal in favor of the growth scenario for the EUR/USD currency pair tomorrow will be a rebound from the bullish trend 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 1.1445 level tomorrow will cancel the growth scenario for the Euro Dollar currency pair. This will indicate a breakout of the support area and a continuation of the decline to the 1.1305 level. Confirmation of growth in the EUR/USD currency pair should be expected with a breakout of the resistance area at 1.1595.
EURUSD Forecast Euro Dollar for June 17, 2025 suggests an attempt to develop an upward trend in currency quotes with a test of the support level near 1.1525. From there, we can expect to see 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 1.1755 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 1.1445 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 1.1305 mark.
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