Currency pair Euro Dollar EUR/USD continues its movement within the context of an upward trend development and formation of the bearish “Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend for this currency pair. Prices broke through the area between signal lines upwards, indicating pressure from buyers of European currency and potential continuation of price quotes growth already from current levels. At the time of the forecast publication, the Euro to Dollar exchange rate today is 1.1415. Within the Forex forecast for June 3, 2025, one should expect an attempt at developing price quote growth followed by testing resistance levels near the EUR/USD area of around 1.1445. A subsequent drop in prices and continuation of the Euro Dollar currency pair’s decline is anticipated. The potential target of such a movement on FOREX would be an area below the level of 1.1295.
EUR/USD Forecast Euro Dollar for June 3, 2025
Additional signal in favor of the scenario’s decline on the currency pair EUR/USD tomorrow will be a bounce off the resistance line on the RSI indicator. The second signal in favor of this option is a rebound from the upper boundary of the bearish model “Wolfe Wave”. Cancellation of the price drop variant to the Euro Dollar currency pair tomorrow will be a strong increase and penetration of the level 1.1535. This indicates a break through resistance area and continuation of the rise to the level 1.1705. To expect confirmation of decline in the EUR/USD currency pair, look for a breakout through the support area at the level 1.1365, which will indicate breaking the lower boundary of the “Wolfe Wave” model.
EUR/USD Forecast Euro Dollar for June 3, 2025 suggests an attempt to develop price growth with testing of the resistance level close to the level of 1.1445. From where it’s worth considering a rebound of currency pair Euro Dollar prices and an attempt to continue the depreciation of asset value on the market until the mark of 1.1295. A supportive signal in favor of reducing the instrument on the Forex market will be a bounce off the resistance line on the Relative Strength Index (RSI). Cancellation of the EUR/USD pair’s decline option is strong price growth and breakout through the level of 1.1535. This indicates a breakout from the resistance area and continuation of the rise of the currency pair on Forex to the mark of 1.1705.
