The Euro Dollar EUR/USD currency pair continues to move within a growing and bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the signal lines, indicating upward pressure from buyers of the European currency and potential continued growth in the currency pair from current levels. At the time of publication of this forecast, the Euro to Dollar exchange rate is currently at 1.1636. The Forex forecast for October 28, 2025, anticipates an attempt to continue the decline and a test of the support level located near 1.1625 for the EUR/USD pair. This should then lead to an upward rebound and the beginning of a bullish momentum in the Euro Dollar currency pair. A potential target for such a move on Forex is above 1.1695.
EUR/USD Forecast Euro Dollar for October 28, 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 Head and Shoulders reversal pattern. A price decline and a breakout of 1.1475 will cancel the upward trend for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continued decline to 1.1325. A breakout of the resistance area at 1.1685 should confirm the growth of the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for October 28, 2025 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1625. This is where we should expect an upward rebound in the EUR/USD pair and an attempt at continued growth to 1.1695. 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 breakout of 1.1475 will cancel out the EUR/USD uptrend. This will indicate a breakout of the support zone and a continued decline in the currency pair on Forex toward 1.1325.
