The Euro Dollar EUR/USD currency pair continues to move within a strong decline and a bullish channel. Moving averages indicate a short-term bearish 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 1.1565. As part of the Forex forecast for October 31, 2025, we expect an attempt to continue the decline and a test of the support level located near 1.1535 for 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 above 1.1685.
EUR/USD Forecast Euro Dollar for October 31, 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 1.1475 will cancel the upward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the support area and a continuation of the decline to 1.1325. Confirmation of the growth scenario for the EUR/USD currency pair should be expected with a breakout of the resistance area at 1.1645, which will indicate a breakout of the upper boundary of the downward correction channel.
EUR/USD Forecast Euro Dollar for October 31, 2025 suggests an attempt at a bearish correction in currency quotes, testing support near 1.1535. This is where we should expect an upward rebound in the EUR/USD pair and an attempt at continued growth to 1.1685. A rebound from the support line on the relative strength indicator (RSI) would be a further signal in favor of an uptrend in the Forex market. A decline in quotes and a breakout of 1.1475 would cancel out the EUR/USD upside. This will indicate a breakout of the support zone and a continued decline in the Forex currency pair toward 1.1325.
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