The Euro Dollar EUR/USD currency pair continues to move within a developing correction and bullish channel. Moving averages indicate a short-term uptrend for the pair. Prices have broken above the area between 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 the forecast, the Euro to Dollar exchange rate today is 1.1651. As part of the Forex forecast for October 21, 2025, we expect an attempt to continue the decline and a test of the support level located near 1.1645 on the EUR/USD pair. Subsequently, an upward rebound in prices and the beginning of a bullish momentum in the Euro Dollar currency pair is expected. The potential target for such a move on Forex is the area above 1.1795.
EUR/USD Forecast Euro Dollar for October 21, 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 1.1605 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 1.1465. 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 21, 2025 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1645. This is where we should expect an upward rebound in the EUR/USD pair and an attempt at continued growth to 1.1795. 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 1.1605 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 1.1465.
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