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 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 the forecast, the Euro to Dollar exchange rate today is 1.1540. As part of the Forex forecast for November 7, 2025, we expect an attempt at a bullish correction and a test of the resistance level located near 1.1565 on the EUR/USD pair. Subsequently, a downward rebound in prices and the beginning of a bearish impulse in the Euro Dollar currency pair should develop. The potential target of such a movement on FOREX is the area below 1.1365.
EUR/USD Forecast Euro Dollar for November 7, 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 1.1635 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 1.1845. A breakout of the support area at 1.1475 should confirm the downward scenario for the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for November 7, 2025 suggests an attempt at a bullish correction in currency quotes with a test of the resistance level near 1.1565. Where should we expect a downward rebound in the Euro/Dollar currency pair and an attempt to continue the decline in the asset’s value on the market to 1.1365? A rebound from the resistance line on the relative strength indicator (RSI) will serve as an additional signal in favor of a decline in the Forex market. A strong rise in the EUR/USD pair and a breakout of 1.1635 will cancel the downward trend. This will indicate a breakout of the resistance zone and continued growth of the currency pair on Forex to 1.1845.
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