The Euro Dollar EUR/USD currency pair continues to move within a developing correction and bullish channel. Potential for a Head and Shoulders reversal pattern remains. Moving averages indicate a short-term uptrend 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 1.1794. As part of the Forex forecast for September 24, 2025, we expect an attempt at growth and a test of the resistance level located near 1.1815 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 the area below 1.1545.
EUR/USD Forecast Euro Dollar for September 24, 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 Head and Shoulders reversal pattern. A strong rally and a breakout of 1.1965 will cancel out the downward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the resistance area and a continued rise to 1.2125. Expect confirmation of the downward scenario for the EUR/USD currency pair with a breakout of the support area at 1.1685, which will indicate a breakout of the lower boundary of the Head and Shoulders reversal pattern and the beginning of the pattern with targets below.
EUR/USD Forecast Euro Dollar for September 24, 2025 suggests an attempt at a bullish correction in currency quotes, testing resistance near 1.1815. From here, we should expect a downward rebound in the EUR/USD pair and an attempt at a continued decline to 1.1545. A rebound from the resistance line on the relative strength indicator (RSI) will serve as a supporting signal for a decline in the Forex instrument. A strong rally and a breakout of 1.1965 would cancel out the EUR/USD downside scenario. This will indicate a breakout of the resistance zone and a continued rise in the Forex currency pair to 1.2125.
