The Euro Dollar EUR/USD currency pair continues to move within a declining trend and a descending 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 1.1483. As part of the Forex forecast for November 5, 2025, we expect an attempt at a bullish correction and a test of the resistance level located near 1.1520 on the EUR/USD pair. Subsequently, a downward rebound in prices and the beginning of a bearish impulse in the Euro Dollar currency pair is expected. The potential target for such a move on FOREX is below 1.1395.
EUR/USD Forecast Euro Dollar for November 6, 2025
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 bearish channel. A strong price increase and a breakout of 1.1565 will cancel out the downward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the resistance area and continued price growth to 1.1755. A breakout of the support area at 1.1435 should confirm the downward scenario for the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for November 6, 2025 suggests an attempt at a bullish correction in currency quotes, testing resistance near 1.1520. From here, we should expect a downward rebound in the EUR/USD pair and an attempt at a continued decline in the asset’s value to 1.1395. A rebound from the resistance line on the relative strength indicator (RSI) would be a further signal in favor of a decline in the Forex market. A strong rally and a breakout of 1.1565 would cancel out the EUR/USD downside scenario. This will indicate a breakout of the resistance zone and continued growth of the currency pair on Forex to 1.1755.
