Currency pair Euro Dollar EUR/USD continues its movement within the context of a falling development and the formation of a reversal pattern “Double Top”. Moving averages indicate the presence of a short-term bullish trend for this pair. Prices have pierced the zone between signal lines upwards, which indicates pressure from buyers of the Euro currency and the potential continuation of price increase already from current levels. At the time of writing, the Euro to Dollar exchange rate is at 1.1374. Within the Forex forecast for June 4, 2025, it’s expected that there will be an attempt for a rise in prices and testing the resistance level located on the EUR/USD pair near the area of 1.1485. Then, a price bounce downwards followed by continuation of the Euro Dollar currency pair’s decline. The potential target for such movement on FOREX is below the level of 1.0995.
EUR/USD Forecast Euro Dollar for June 4, 2025
Additional signals supporting the scenario of a fall on the currency pair EUR/USD tomorrow would be a bounce off the resistance line on the RSI indicator. A second signal in favor of this option is a reversal from the upper boundary of the “Double Top” reversal pattern. Cancellation of the price drop option for the Euro Dollar currency pair tomorrow will be a strong rise and breakthrough at 1.1685, which indicates that we have overcome the resistance area and continuation of the rise to the level of 1.1875. We should expect confirmation of a fall in the EUR/USD currency pair with a breach of the support area at 1.1135, indicating a breakout of the lower boundary of the bull channel.
EUR/USD Forecast Euro Dollar for June 4, 2025 anticipates an attempt at currency price growth with a test of the resistance level near 1.1485. Following this, there should be consideration of the price drop in the Euro Dollar exchange rate pair and an attempt to continue the decline in the asset’s market value until the mark of 1.0995. A supportive signal for reducing the instrument on the Forex market will be a rejection from the resistance line on the Relative Strength Index (RSI). Cancellation of the EUR/USD price drop scenario will come with a strong rise in prices and a breakthrough the level of 1.1685. This indicates a breakthrough the resistance zone and continuation of the pair’s growth to the mark of 1.1875 on the Forex market.
