The Euro Dollar EUR/USD currency pair continues to move as it continues to decline and forms a bullish “Wolfe Wave” pattern. 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 at 1.1522. The Forex forecast for November 4, 2025, anticipates an attempt to continue the decline and a test of the support level located near 1.1485 for the EUR/USD pair. This is followed by an upward rebound and the beginning of a bullish momentum in the Euro Dollar currency pair. A potential target for such a move on Forex is above 1.1635.
EUR/USD Forecast Euro Dollar for November 4, 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 bullish channel. A price decline and a breakout of 1.1465 will cancel the upward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continued decline to 1.1265. Confirmation of growth for the EUR/USD currency pair should be expected with a breakout of the resistance area at 1.1605, which will indicate a breakout of the upper boundary of the descending channel.
EUR/USD Forecast Euro Dollar for November 4, 2025 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1485. This is where we should expect an upward rebound in the EUR/USD pair and an attempt at continued growth to 1.1635. A rebound from the support line on the relative strength indicator (RSI) will serve as an additional signal in favor of an uptrend in the Forex market. A decline in quotes and a break of 1.1465 would cancel out the EUR/USD uptrend. This would indicate a break of the support zone and a continued decline in the currency pair on Forex toward 1.1265.
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