The Euro/Dollar currency pair EUR/USD ends the trading week with a fall, but there is still potential for the formation of a bullish “Wolfe Wave” pattern. At the time of publication of the EUR/USD forecast for the week, the Euro to US Dollar rate is 1.1698. Moving averages indicate a bullish trend for the pair. Prices have broken through the area between the signal lines, which indicates pressure from buyers of the European currency and a likely continuation of the fall from current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a bearish correction in the quotes of the EUR/USD pair and a test of the support area near the level of 1.1335. Where is the expected upward rebound and continued growth of the Euro/Dollar currency pair in the current trading week. The potential target for the rise is the area above the level of 1.2025.
EUR/USD Weekly Forecast April 27 – May 1, 2026
An additional signal in favor of growth of the EUR/USD pair on Forex will be a test of the support line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the upper border of the bearish Wolfe Wave pattern. Cancellation of the option of falling quotes of the Euro/Dollar pair in the current trading week of April 27 – May 1, 2026 will be a strong growth and a breakdown of the level of 1.1145. This will indicate a breakdown of the resistance area and continued growth of the pair to the area above the level of 1.0905. With the breakdown of the resistance area and closing of quotes above the level of 1.1805, we should expect confirmation of the growth of quotes of the currency pair.
EUR/USD Weekly Forecast April 27 – May 1, 2026 suggests an attempt to develop a bearish correction and test the support area near the level of 1.1335. Where can we expect a rebound in price and continued growth of the pair on the Forex market to the area above the level of 1.2025. An additional signal in favor of an increase will be a test of the resistance line on the relative strength indicator (RSI). Cancellation of the growth option for the Euro/Dollar will be a fall and a breakdown of the level of 1.1145. In this case, we should expect the pair to continue to decline with a potential target at 1.0905.
