The Euro Dollar EUR/USD currency pair is ending the trading week with a slight decline near 1.1622. 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. The Euro exchange rate forecast for the trading week expects an attempt to continue the decline in the EUR/USD pair and a test of the support area near 1.1535. From there, an upward rebound and continued growth in the Euro Dollar currency pair is expected this trading week. A potential upside target is above 1.1965.
EUR/USD Weekly Forecast January 19 – 23, 2026
An additional signal in favor of the EUR/USD pair’s rise on the Forex market will be a test of the support line on the relative strength indicator (RSI). It’s worth noting that this is the third time the pair has tested this line. A second signal will be a rebound from the lower boundary of the Triangle pattern. A decline and a breakout of 1.1485 will cancel out the upward trend in the EUR/USD pair during the current trading week (January 19-23, 2026). This will indicate a breakout of the support area and a continuation of the pair’s decline below 1.1255. A breakout of the resistance area and a close above 1.1775 should confirm the pair’s upward trend, indicating a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets above.
EUR/USD Weekly Forecast January 19 – 23, 2026 suggests an attempt at a bearish correction and a test of the support area near 1.1535. From there, we should expect an upward price rebound and continued growth in the Forex market below 1.1965. A test of the support line on the relative strength indicator (RSI) would be an additional signal in favor of an upside move. A decline and a breakout of 1.1485 would cancel out the EUR/USD rally. In this case, we should expect the pair to continue to decline, with a potential target at 1.1255.
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