The Euro Dollar EUR/USD currency pair continues to move within a downward trend and a bullish channel. Moving averages indicate a short-term uptrend for the pair. Prices have broken above the signal lines, indicating upward 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 1.1768. As part of the Forex forecast for December 29, 2025, we expect an attempt to further decline in prices and a test of the resistance level located near 1.1795 on the EUR/USD pair. Subsequently, a downward rebound is expected, and a bearish momentum is beginning to develop in the Euro Dollar currency pair. The potential target for such a move on Forex is below 1.1605.
EURUSD Forecast Euro Dollar for December 29, 2025
An additional signal in favor of a downward scenario for the EUR/USD currency pair tomorrow will be a rebound from the trend line on the RSI indicator. A second signal in favor of this scenario will be a rebound from the upper boundary of the bearish channel. A strong price increase and a breakout of 1.1875 will cancel the downward scenario for the EUR/USD currency pair tomorrow. This will indicate a breakout of the resistance area and a continued rise to 1.1995. Confirmation of the downward scenario for the EUR/USD currency pair should be expected with a breakout of the support area at 1.1705, which will indicate a breakout of the lower boundary of the Double Top reversal pattern and the beginning of the pattern with targets below.
EURUSD Forecast Euro Dollar for December 29, 2025 suggests an attempt at a bullish correction in currency quotes, testing resistance near 1.1795. This is where we should expect a downward rebound in the EUR/USD pair and an attempt at continued decline in the Forex market, targeting 1.1605. A breakout from the resistance line on the relative strength indicator (RSI) will serve as an additional signal. A strong rally and a breakout of 1.1875 would cancel the EUR/USD downside scenario. This would indicate a breakout of the resistance zone and continued growth in the Forex currency pair toward 1.1995.
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