The EUR/USD currency pair continues to move within the framework of the correction development and the formation of the “Wedge” reversal pattern. 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 1.0759. As part of the Forex forecast for March 28, 2025, we should expect an attempt to develop a price correction and a test of the support level, which is located on the EUR/USD pair near the 1.0735 area. Next, an upward price rebound and continued growth of the Euro Dollar currency pair. The potential target of such a movement on FOREX is the area above the 1.0965 level.
EUR/USD Forecast Euro Dollar for March 28, 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 option of increasing quotes of the Euro Dollar currency pair tomorrow will be a fall and a breakout of the level of 1.0635. This will indicate a breakout of the support area and a continuation of the fall into the area at the level of 1.0445. It is worth expecting confirmation of growth for the EUR/USD currency pair with a breakout of the resistance area at the level of 1.0845, which will indicate a breakout of the upper border of the “Triangle” model and the beginning of the implementation of the pattern with targets at the top.
EUR/USD Forecast Euro Dollar for March 28, 2025 suggests an attempt to develop a bearish correction of the pair and a test of the support area near the level of 1.0735. From where one should 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 1.0965. An additional signal in favor of the rise of the instrument on the Forex market will be a test of the resistance line on the relative strength indicator (RSI). The EUR/USD growth scenario will be cancelled if the quotes fall and the 1.0635 level is broken. This will indicate a breakout of the support area and a continuation of the fall of the currency pair on Forex to the area below the 1.0445 level.
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