The Euro Dollar EUR/USD currency pair is ending the trading week with a sharp decline and has broken out of the bullish channel. At the time of publication of the EUR/USD forecast for the week, the Euro to US Dollar exchange rate is 1.1412. Moving averages indicate a bullish trend for the pair. Prices have broken below the signal lines, indicating downward pressure from sellers of the European currency and a likely continuation of the decline from current levels. As part of the Euro exchange rate forecast for the week, we expect an attempt at a bullish correction in the EUR/USD pair and a test of the resistance area near 1.1545. From here, a downward rebound and continued decline in the Euro Dollar currency pair is expected this trading week. The potential downside target is below 1.1045.
EUR/USD Weekly Forecast March 16 – 20, 2026
An additional signal supporting a decline in the EUR/USD pair on Forex will be a test of the resistance line on the relative strength indicator (RSI). A rebound from the lower boundary of the bullish channel will serve as a second signal. A strong rally and a breakout of 1.1745 will cancel out the downward trend in the EUR/USD pair during the current trading week, March 16-20, 2026. This will indicate a breakout of the resistance area and continued growth above 1.1975. A breakout of the support area and a close below 1.1355 should confirm the pair’s decline, indicating a confident breakout of local support.
EUR/USD Weekly Forecast March 16 – 20, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 1.1545. From this point, a downward price rebound and continued decline in the Forex market below 1.1045 are expected. An additional signal supporting a decline would be a test of the support line on the relative strength indicator (RSI). A strong rally and a breakout of 1.1745 would cancel out the EUR/USD decline. In this case, we should expect continued upside with a potential target at 1.1975.
