The Euro Dollar EUR/USD currency pair continues to move within a developing bullish correction and descending channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, indicating selling pressure on the European currency and a potential continuation of the decline in the currency pair from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate today is 1.1715. As part of the Forex forecast for October 7, 2025, we expect an attempt at a bullish correction and a test of the resistance level located near 1.1735 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 of such a movement on FOREX is the area below 1.1585.
EUR/USD Forecast Euro Dollar for October 7, 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 price tomorrow and a breakout of 1.1775 will cancel the downward scenario for the EUR/USD currency pair. This will indicate a breakout of the resistance area and a continued rise to 1.1985. A breakout of the support area at 1.1665 should confirm the decline in the EUR/USD currency pair.
EUR/USD Forecast Euro Dollar for October 7, 2025 suggests an attempt at a bullish correction in currency quotes, testing resistance near 1.1735. This is where we should expect a downward rebound in the EUR/USD pair and an attempt at a continued decline in the asset’s value to 1.1585. A rebound from the resistance line on the relative strength indicator (RSI) will serve as an additional signal favoring a decline in the Forex instrument. A strong rally and a breakout of 1.1775 would cancel out the EUR/USD downside scenario. This would indicate a breakout of the resistance zone and a continued rise in the currency pair on Forex to 1.1985.
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