The Euro Dollar currency pair EUR/USD ended the trading week with a decline near the level of 1.1547. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upwards, indicating pressure from buyers of the European currency and a likely continuation of growth from current levels. As part of the Euro forecast for the trading week, we can expect an attempt to develop an uptrend in the EUR/USD pair and a test of the resistance area near the 1.1715 level. From there, a downward rebound and a continuation of the decline in the euro-dollar currency pair are expected during the current trading week. The potential target for growth is the area below the 1.0835 level.
EUR/USD Weekly Forecast August 4 — 8, 2025
An additional signal in favor of a decline in the EUR/USD pair on Forex will be a test of the broken trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower border of the “Wedge” reversal pattern. A strong rise and a breakout of the 1.2055 level will cancel the possibility of a decline in the Euro-Dollar pair during the current trading week of August 4-8, 2025. This will indicate a breakout of the resistance area and a continuation of the pair’s growth to an area above the 1.2365 level. With a breakout of the support area and the closing of quotes below the level of 1.1345, we should expect confirmation of the decline in the pair’s quotes.
EUR/USD Weekly Forecast August 4 — 8, 2025 suggests an attempt at a bullish correction and a test of the resistance area near the 1.1715 level. From there, we can expect a downward price rebound and a continuation of the pair’s decline in the Forex market to an area below the 1.0835 level. An additional signal in favor of a decline will be a test of the resistance line on the relative strength index (RSI). A strong rise and a breakout of the 1.2055 level will cancel the Euro Dollar decline scenario. In this case, we can expect the pair to continue rising with a potential target of 1.2365.
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