The Euro Dollar EUR/USD currency pair continues to move within a strong decline and has broken the lower boundary of the descending channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken below the signal lines, indicating growing selling pressure for the European currency and a potential continuation of the decline in the currency pair from current levels. At the time of publication of this forecast, the Euro to Dollar exchange rate is currently 1.1388. As part of the Forex forecast for June 24, 2026, we expect an attempt at a bullish correction in quotes and a test of the resistance level located near 1.1425 on the EUR/USD pair. Subsequently, a downward rebound in prices and continued downward momentum in the Euro Dollar currency pair is expected. The potential target for such a move on FOREX is below 1.1245.
EUR/USD Forecast Euro Dollar for June 24, 2026
An additional signal in favor of a downward scenario for the EUR/USD currency pair tomorrow will be a rebound from the descending resistance line on the RSI indicator. A second signal in favor of this scenario will be a rebound from the upper boundary of the descending channel. A strong price increase and a breakout of 1.1465 will cancel the downward scenario for the EUR/USD currency pair on June 24, 2026. This will indicate a breakout of the upper boundary of the descending channel and a continuation of the bullish price correction to 1.1775. A breakout of the support area at 1.1335 should confirm the decline in the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for June 24, 2026 suggests an attempt to develop a bullish correction in currency quotes with a test of the resistance level near 1.1425. Where should we expect a downward rebound in the Euro/Dollar currency pair and an attempt to continue the instrument’s decline on the Forex market, targeting 1.1245? An additional signal supporting this scenario would be a rebound from the resistance line on the relative strength indicator (RSI). A strong rise in the EUR/USD pair and a breakout of 1.1465 would cancel the downward scenario. This would indicate a breakout of the resistance zone and a continued rise in the currency pair on Forex to 1.1775.
