The Euro Dollar EUR/USD currency pair is ending the trading week with a slight decline near 1.1629. Moving averages indicate a bullish trend for the pair. Prices are again testing the area between the signal lines, indicating pressure from buyers of the European currency and a likely continuation of growth from current levels. As part of the Euro exchange rate forecast for the trading week, we expect an attempt to continue the upward movement of the EUR/USD pair and a test of the resistance area near 1.1705. From here, a downward rebound and continued decline in the Euro Dollar currency pair are expected this trading week. A potential upside target is below 1.0935.
EUR/USD Weekly Forecast January 12 – 16, 2026
An additional signal favoring a decline in the EUR/USD pair on Forex will be a test of the resistance line on the relative strength indicator (RSI). The second signal will be a rebound from the upper boundary of the Head and Shoulders pattern. A strong rally and a breakout of 1.2035 will cancel out the downward trend in the EUR/USD pair during the current trading week (January 12-16, 2026). This will indicate a breakout of the resistance area and continued growth above 1.2285. A breakout of the support area and a close below 1.1405 should confirm the pair’s decline, indicating a breakout of the lower boundary of the Head and Shoulders pattern and the beginning of the pattern’s implementation with targets below.
EUR/USD Weekly Forecast January 12 – 16, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 1.1705. From there, a downward rebound and a continued decline in the pair on the Forex market below 1.0935 should be expected. A test of the resistance line on the relative strength indicator (RSI) would be an additional signal of decline. A strong rally and a breakout of 1.2035 would cancel out the EUR/USD decline. In this case, we should expect the pair to continue rising, with a potential target at 1.2285.
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