The EUR/USD currency pair continues to move within the development of the correction and the bullish channel. The moving averages indicate the presence of a short-term upward trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of the currency pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0934. Within the framework of the Forex forecast for April 9, 2025, we should expect an attempt to develop a price fall and a test of the support level, which is located on the EUR/USD pair near the 1.0835 area. Next, a rebound in prices upward and continued growth of the Euro Dollar currency pair. The potential target of such a movement on FOREX is the area above the 1.1095 level.
EUR/USD Forecast Euro Dollar for April 9, 2025
An additional signal in favor of the development of a bullish scenario on the EUR/USD currency pair tomorrow will be a rebound from the support line on the RSI indicator. The second signal in favor of this option will be a rebound from the lower border of the bullish channel. The cancellation of the growth option for the Euro Dollar currency pair tomorrow will be a fall and a breakout of the 1.0845 level. This will indicate a breakout of the support area and a continuation of the fall to the area at the level of 1.0625. It is worth expecting confirmation of growth for the EUR/USD currency pair with a breakout of the resistance area at the level of 1.1025, which will indicate a breakout of the upper border of the descending correction channel.
EUR/USD Forecast Euro Dollar for April 9, 2025suggests an attempt to develop a fall in the pair and a test of the support area near the level of 1.0835. Where should we consider the rebound in the price of the Euro Dollar currency pair upward and an attempt to continue the growth of the asset on the market to the area above the level of 1.1095. An additional signal in favor of the growth of the instrument on the Forex market will be a test of the support line on the relative strength indicator (RSI). The EUR/USD pair growth option will be cancelled if the quotes fall and the level of 1.0845 is broken. This will indicate a breakout of the support area and a continuation of the currency pair’s fall on Forex to the area below the level of 1.0625.
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