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 1.1528. As part of the Forex forecast for March 18, 2026, we expect an attempt at upward price movement and a test of the resistance level located near 1.1545 on the EUR/USD pair. Subsequently, a downward price rebound and continued downward momentum in the Euro Dollar currency pair is expected. The potential target for such a move on Forex is below 1.1365.
EUR/USD Forecast Euro Dollar for March 18, 2026
An additional signal in favor of a growth scenario for the EUR/USD currency pair tomorrow will be a rebound from the downward trend line on the RSI indicator. A second signal in favor of this scenario will be a rebound from the upper boundary of the “Wedge” reversal pattern. A price decline and a breakout of 1.1635 will cancel the upward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the resistance area and continued price growth to 1.1805. Confirmation of the decline in the EUR/USD currency pair should be expected with a breakout of the support area at 1.1575, which will indicate a breakout of the lower boundary of the “Wedge” reversal pattern and the beginning of the pattern with targets below.
EUR/USD Forecast Euro Dollar for March 18, 2026 suggests an attempt to develop a bullish correction in currency quotes with a test of the resistance level near 1.1545. 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 1.1365? 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 1.1635 would cancel the downward scenario. This would indicate a breakout of the resistance zone and continued growth of the currency pair on Forex towards 1.1805.
