The Euro Dollar EUR/USD currency pair is ending the trading week with a correction, but bulls are holding quotes above a key support level. At the time of publication of the EUR/USD forecast for the week, the Euro to US Dollar exchange rate is 1.1557. Moving averages indicate a bullish trend for the pair. Prices have broken below the area between 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 trading week, we expect an attempt at a bearish correction in the EUR/USD pair and a test of the support area near 1.1335. From here, an upward rebound and continued growth of the Euro Dollar currency pair is expected this trading week. The area above 1.1805 is a potential upside target.
EUR/USD Weekly Forecast March 23 – 27, 2026
An additional signal supporting the EUR/USD pair’s growth on the Forex market will be a test of the support line on the relative strength indicator (RSI). A rebound from the lower boundary of the bullish channel will serve as a second signal. A decline and a breakout of 1.1165 will cancel out the upward trend in the EUR/USD pair during the current trading week, March 16-20, 2026. This will indicate a breakout of the support area and a continuation of the pair’s decline below 1.0865. A breakout of the resistance area and a close above 1.1645 should confirm the pair’s upward trend, signaling a breakout of the upper boundary of the downward correction channel.
EUR/USD Weekly Forecast March 23 – 27, 2026 suggests an attempt at a bearish correction and a test of the support area near 1.1335. From this point, we should expect an upward price rebound and continued growth in the Forex market above 1.1805. An additional signal in favor of an upside move would be a test of the support line on the relative strength indicator (RSI). A decline and a break of 1.1165 would cancel out the EUR/USD upside move. In this case, we should expect continued decline in the pair with a potential target at 1.0865.
