The Euro Dollar EUR/USD currency pair continues to move within a growing and bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the signal lines, indicating growing pressure from buyers of the European currency and potential continued growth in the currency pair from current levels. At the time of publication of this forecast, the Euro to Dollar exchange rate is currently at 1.1671. As part of the Forex forecast for August 26, 2026, we expect an attempt at a bearish correction in quotes and a test of the support level located near 1.1625 on the EUR/USD pair. Subsequently, we expect an upward rebound in prices and continued growth momentum in the Euro Dollar currency pair. The potential target for such a move on FOREX is above 1.1865.
EURUSD Forecast Euro Dollar for 26 August 2026
An additional signal in favor of a bullish support trendline on the RSI indicator for the EUR/USD currency pair will be a rebound from the bullish support line tomorrow. A second signal in favor of this scenario will be a rebound from the lower boundary of the bullish channel. A price decline and a breakout of 1.1565 will cancel the upward trend for the EUR/USD currency pair on August 26, 2026. This will indicate a breakout of the lower boundary of the bullish channel and a continuation of the bearish price correction to 1.1425. A breakout of the resistance level at 1.1735 should confirm the upward trend for the EUR/USD currency pair.
EURUSD Forecast Euro Dollar for 26 August 2026 suggests an attempt to develop a bearish correction in currency quotes with a test of the support level near 1.1625. We should expect an upward rebound in the EUR/USD currency pair and an attempt to continue the currency pair’s growth on the Forex market, targeting 1.1865. A breakout from the support line on the relative strength indicator (RSI) would be an additional signal supporting this scenario. A decline in the EUR/USD pair and a breakout of 1.1565 would invalidate the upward trend. This would indicate a breakout of the support zone and a continued decline in the currency pair on the Forex market toward 1.1425.
