The Euro Dollar EUR/USD currency pair ends the trading week with a strong growth near the level of 1.1353. The moving averages indicate a bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop growth in the EUR/USD quotes and a test of the resistance area near the level of 1.1525. From where a downward rebound and continued decline of the Euro Dollar currency pair is expected in the current trading week. The potential growth target is the area below the level of 1.0795.
EUR/USD Weekly Forecast April 28, 2025 — May 2, 2025
An additional signal in favor of a decline in the EUR/USD pair on Forex will be a test of the resistance line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the upper border of the bullish channel. The cancellation of the option of a decrease in the quotes of the Euro Dollar pair in the current trading week of April 28, 2025 — May 2, 2025, will be a strong growth and a breakout of the level of 1.1765. This will indicate a breakout of the resistance area and continued growth of the pair to the area above the level of 1.1995. With a breakout of the support area and closing of quotes below the level of 1.1205, we should expect confirmation of the fall in the quotes of the pair, which will indicate a breakout of the lower border of the bullish correction channel.
EUR/USD Weekly Forecast April 28, 2025 — May 2, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the level of 1.1525. Where should we expect a downward price rebound and a continuation of the pair’s fall on the Forex market to the area below the level of 1.0795. An additional signal in favor of a decline will be a test of the resistance line on the relative strength indicator (RSI). The cancellation of the Euro Dollar fall scenario will be a strong growth and a breakout of the 1.1765 level. In this case, we should expect the pair to continue to rise with a potential target at the level of 1.1995.
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