The Euro Dollar EUR/USD currency pair continues to move within a declining trend and a descending channel. Moving averages indicate a short-term bullish 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 1.1728. As part of the Forex forecast for October 2, 2025, we expect an attempt at a bullish correction and a test of the resistance level located near 1.1745 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 1.1615.
EUR/USD Forecast Euro Dollar for October 2, 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 descending channel. A strong rise in the EUR/USD pair tomorrow and a breakout of 1.1795 will cancel the downward scenario. This will indicate a breakout of the resistance area and a continued rise to 1.1975. Confirmation of the decline in the EUR/USD currency pair should be expected with a breakout of the support area at 1.1695.
EURUSD Forecast Euro Dollar for October 2, 2025 suggests an attempt at a bullish correction in the currency pair with a test of the resistance level near 1.1745. 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 1.1615? 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 1.1795 will cancel the downward trend. This will indicate a breakout of the resistance zone and a continued rise in the currency pair on Forex to 1.1975.
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