The Euro Dollar EUR/USD currency pair continues to move higher and has broken out of its downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken below the signal lines, indicating downward pressure from sellers of the European currency and a potential further decline in the currency pair from current levels. At the time of publication of this forecast, the Euro to Dollar exchange rate is currently 1.1559. As part of the Forex forecast for March 20, 2026, we expect an attempt at a bearish correction and a test of the support level located near 1.1515 on the EUR/USD pair. Subsequently, we expect an upward rebound in prices and continued growth momentum in the Euro Dollar currency pair. A potential target for such a move on FOREX is above 1.1795.
EUR/USD Forecast Euro Dollar for March 20, 2026
An additional signal in favor of a growth scenario for the EUR/USD currency pair tomorrow will be a rebound from the broken trend 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 price decline and a breakout of 1.1435 will cancel the upward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continuation of the decline to 1.1285. Confirmation of growth for the EUR/USD currency pair should be expected with a breakout of the resistance area at 1.1585, which will indicate a breakout of the upper boundary of the descending channel and an acceleration of bullish momentum.
EUR/USD Forecast Euro Dollar for March 20, 2026 suggests an attempt to develop a bearish correction in currency quotes with a test of the support level near 1.1515. Where should we expect an upward rebound in the Euro/Dollar currency pair and an attempt to continue the instrument’s growth on the Forex market, targeting 1.1795? An additional signal supporting this scenario would be a breakout from the support line on the relative strength indicator (RSI). A decline in the EUR/USD pair and a breakout of 1.1435 would cancel the upward trend. This would indicate a breakout of the support zone and a continued decline in the currency pair on Forex toward 1.1285.
