Euro Dollar EUR/USD currency pair ends the trading week with growth near the level of 1.1780. The moving averages indicate the presence of a bullish trend in the pair. Prices broke through the area between the signal lines upwards, which indicates the pressure from the buyers of the European currency and the probable continuation of growth from the current levels. As part of the forecast of the Euro exchange rate for the trading week, we should expect an attempt to develop the rise in EUR/USD quotes and test the resistance area near the level of 1.1895. From where we expect a rebound downward and the continuation of the fall of the currency pair EUR/USD in the current trading week. The potential growth target is the area below the level of 1.1145.
EUR/USD Weekly Forecast July 7 — 11, 2025
An additional signal in favor of the EUR/USD pair decline on Forex will be a test of the broken trend line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the upper boundary of the reversal pattern “Wedge”. A strong growth and breakdown of the level 1.1985 will be the cancellation of the variant of the Euro Dollar pair quotes decrease in the current trading week July 7 — 11, 2025. This will indicate the breakdown of the resistance area and the continuation of the pair growth to the area above the level of 1.2275. With the breakdown of the support area and closing of quotes below the level of 1.1475, we should expect confirmation of the pair quotes fall, which will indicate the breakdown of the lower boundary of the reversal pattern “Wedge” and the beginning of the pattern realization with targets below.
EUR/USD Weekly Forecast July 7 — 11, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the level of 1.1895. From where we should expect the price to rebound downwards and the pair to continue falling at the Forex market to the area below the level of 1.1145. An additional signal in favor of the decline will be a test of the resistance line on the relative strength indicator (RSI). A strong growth and breakdown of the level of 1.1985 will cancel the variant of Euro Dollar decline. In this case we should expect the continuation of the pair’s rise with a potential target at 1.2275.
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