The currency pair Euro Dollar EUR/USD continues to move within the framework of correction development and formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term upward trend in the pair. Prices broke through the area between the signal lines upwards, which indicates the pressure from the buyers of the European currency and the potential continuation of the currency pair quotes growth from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1417. Within the Forex forecast for June 11, 2025 we should expect an attempt to develop the rise in quotes and test the resistance level, which is located on the EUR/USD pair near the area of 1.1445. Further, the prices will rebound downwards and the Euro Dollar currency pair will continue to fall. The potential target of such a movement on FOREX is the area below the level of 1.1235.
EUR/USD Forecast Euro Dollar for June 11, 2025
An additional signal in favor of the downside scenario on the EUR/USD currency pair tomorrow will be a rebound from the resistance line on the RSI indicator. The second signal in favor of this option will be a rebound from the upper boundary of the reversal pattern “Head and Shoulders”. A strong growth and breakdown of the level 1.1545 will cancel the variant of the Euro-Dollar currency pair quotes fall tomorrow. This will indicate the breakdown of the resistance area and the continuation of the rise to the level of 1.1775. We should expect confirmation of the fall in EUR/USD currency pair with the breakdown of the support area at 1.1345, which will indicate the breakdown of the lower boundary of the reversal pattern “Head and Shoulders” and the beginning of the pattern realization with targets below.
EUR/USD Forecast Euro Dollar for June 11, 2025 suggests an attempt to develop a rise in currency quotes with a test of resistance level near 1.1445. From where we should consider a rebound of quotes downward of the currency pair Euro Dollar and an attempt to continue the decline in the value of the asset on the market to 1.1235. An auxiliary signal in favor of the decline of the instrument at the Forex market will be a rebound from the resistance line on the relative strength indicator (RSI). A strong growth of quotes and a breakdown of 1.1545 will cancel the EUR/USD downside option. This will indicate the breakdown of the resistance zone and the continuation of the currency pair’s rise to 1.1775.
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