The Euro Dollar EUR/USD currency pair continues to move higher and is beginning to implement the bullish “Wolfe Wave” pattern. Moving averages indicate a short-term bearish trend for the pair. Prices have broken above the signal lines, indicating upward pressure from buyers 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 1.1673. The Forex forecast for October 17, 2025, anticipates an attempt to continue the decline and a test of the support level located near 1.1660 for the EUR/USD pair. Subsequently, an upward rebound is expected, and bullish momentum is beginning to develop in the Euro Dollar currency pair. A potential target for such a move on Forex is above 1.1805.
EUR/USD Forecast Euro Dollar for October 17, 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 “Wolfe Wave” pattern. A price decline and a breakout of 1.1625 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 1.1485. A breakout of the resistance area at 1.1705 should confirm the growth of the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for October 17, 2025 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1660. This is where we should expect an upward rebound in the EUR/USD pair and an attempt at continued growth to 1.1805. 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 1.1625 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 to 1.1485.
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