Currency pair Euro Dollar EUR/USD concludes the trading week with a slight drop close to the level of 1.1203. Moving averages indicate an existing bearish trend for this pair. Prices broke through the area between signal lines upwards, which indicates pressure from buyers of the European currency and a likely continuation of growth already from current levels. In terms of the EUR/USD price forecast for the trading week, it is expected that there will be an attempt to develop growth in the quotations of this pair up to the resistance area near 1.1305, followed by a pullback downwards and further decline of the Euro Dollar currency pair on the current trading week. The potential target of growth stands below the level of 1.0765.
EUR/USD Weekly Forecast May 19 — 23, 2025
Additional confirmation of the EUR/USD currency pair’s decrease on Forex will be when the broken trend line is tested on the Relative Strength Index (RSI) indicator. The second signal will be a bounce off the bottom boundary of the bullish channel. Cancelling the option of decreasing the Euro/Dollar currency pair quotes for the current trading week from May 19 – 23, 2025, would be a strong rise and break through the level of 1.1705. This will indicate the resistance area and continuation of growth in the region above the level of 1.1985. A breakthrough of the support area and closing quotes below the level of 1.1045 should be expected to confirm a decline in prices, indicating a breakthrough the bottom boundary of the bullish channel.
EURUSD Weekly Forecast May 19 — 23, 2025 anticipates a bullish correction attempt and testing the resistance area close to level 1.1305. From which we can expect a price bounce downwards and continuation of the currency pair’s decline on the Forex market into an area below the level 1.0765. An additional signal for depreciation would be testing the resistance line on the Relative Strength Index (RSI) indicator. A reversal of the downward scenario for Euro Dollar will come from strong growth and breaking through the level 1.1705. In this case, we can expect continuation of the pair’s rise with a potential target at the level 1.1985.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
