The Euro Dollar EUR/USD currency pair continues to move within a developing correction and forming a Head and Shoulders reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices have broken below the area between 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 today is 1.1583. As part of the Forex forecast for November 20, 2025, we expect an attempt at a bearish correction and a test of the support level located near 1.1550 on the EUR/USD pair. Subsequently, an upward rebound in prices and the beginning of a bullish momentum in the Euro Dollar currency pair is expected. The potential target of such a move on FOREX is the area above 1.1735.
EUR/USD Forecast Euro Dollar for November 20, 2025
An additional signal in favor of a growth scenario for the EUR/USD currency pair tomorrow will be a rebound from the support line on the RSI indicator. A second signal in favor of this scenario will be a rebound from the lower boundary of the Head and Shoulders reversal pattern. A price decline and a breakout of 1.1485 will cancel out the growth scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continuation of the decline to 1.1335. A breakout of the resistance area at 1.1675 should confirm the growth scenario for the EUR/USD currency pair, which will indicate a breakout of the upper boundary of the Head and Shoulders reversal pattern and the beginning of the pattern with targets above.
EURUSD Forecast Euro Dollar for November 20, 2025 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1550. This should lead to an upward rebound in the EUR/USD pair and an attempt at continued growth to 1.1735. A rebound from the support line on the relative strength indicator (RSI) will serve as a supporting signal for an upside move in the Forex market. A decline in the EUR/USD pair and a breakout of 1.1485 would cancel out the upward trend. This would indicate a breakout of the support zone and a continued decline in the currency pair on Forex toward 1.1335.
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