The EUR/USD currency pair continues to move within a downward trend and a descending channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken downward through the area between the signal lines, signaling mounting pressure from sellers of the European currency and a potential continuation of the decline from current levels. At the time of this forecast, the EUR/USD exchange rate stands at 1.1391. For September 28, 2026, the forecast anticipates an attempt to push prices lower and a test of the support level near 1.1335. This would be followed by an upward rebound and the development of bullish momentum for the pair. A potential target for this movement is the area above the 1.1535 level.
EUR/USD Forecast Euro Dollar for September 28, 2026
An additional signal supporting a bullish scenario for EUR/USD tomorrow would be a rebound from the support line on the RSI indicator. A second signal favoring this outcome would be a rebound from a local support level. The bullish scenario would be invalidated if prices fall and break below the 1.1295 level; such a move would indicate a breach of local support and a continued decline toward 1.1115. Confirmation of a rise in the EUR/USD pair should be expected upon a breakout above the 1.1455 resistance level, which would signal a break of the descending channel’s upper boundary.
EUR/USD Forecast Euro Dollar for September 28, 2026 suggests an attempt at a decline in the currency pair’s quotes, testing the support level near 1.1335. From there, an upward rebound is expected, followed by an attempt to resume the asset’s growth on the Forex market, targeting the 1.1535 level. A bounce off the support line on the Relative Strength Index (RSI) would serve as an additional signal supporting this scenario. The bullish scenario for EUR/USD would be invalidated if the price falls and breaks through the 1.1295 level; this would indicate a breach of the support zone and a continued decline of the pair toward the 1.1115 mark.
