The Euro Dollar EUR/USD currency pair continues to move within a developing correction and descending channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, indicating selling pressure on the European currency and a potential continuation of the decline in the currency pair from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate today is 1.1617. As part of the Forex forecast for March 11, 2026, we expect an attempt to develop a correction in quotes and a test of the resistance level, which is located near 1.1645 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 the area below 1.1425.
EUR/USD Forecast Euro Dollar for March 11, 2026
An additional signal in favor of a downward scenario for the EUR/USD currency pair tomorrow will be a rebound from the 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 1.1705 would cancel the downward scenario for the EUR/USD currency pair tomorrow. This would indicate a breakout of the resistance area and continued price growth to 1.1875. Confirmation of the decline in the EUR/USD currency pair should be expected with a breakout of the support area at 1.1575, which would indicate a breakout of the lower boundary of the correction channel.
EUR/USD Forecast Euro Dollar for March 11, 2026 suggests an attempt at a bullish correction in currency quotes with a test of the resistance level near 1.1645. This is where we should expect a downward rebound in the EUR/USD currency pair and an attempt at a continued decline in the instrument on the Forex market with a target of 1.1425. 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 1.1705 would cancel the downward trend. This would indicate a breakout of the resistance zone and continued growth of the currency pair on Forex towards 1.1875.
