The EUR/USD currency pair continues its movement, having exited the bullish channel. Moving averages indicate a short-term bearish trend. Prices have broken below the signal lines, indicating selling pressure on the euro and the potential continuation of the pair’s decline from current levels. At the time of the forecast publication, the Euro to US Dollar exchange rate stands at 1.0404.In the Forex forecast for March 4, 2025, a bullish correction attempt and a test of the resistance level near 1.0430 are expected. After that, a price rebound downward and a continuation of the decline in the EUR/USD currency pair may follow. The potential target for this movement is below 1.0255.
EUR/USD forecast Euro Dollar for March 4, 2025
An additional signal in favor of the bearish scenario for EUR/USD tomorrow will be a rebound from the descending trend line on the RSI indicator. A second confirmation will be a rejection from the lower boundary of the previously broken bullish channel. The bearish scenario will be canceled if the price experiences strong growth and breaks through the 1.0475 level, indicating resistance breakout and further movement towards 1.0645. Confirmation of the downward movement will come with a break of the support level at 1.0335.
EUR/USD forecast Euro Dollar for March 4, 2025 suggests an attempt to develop a bullish correction and test the resistance area near 1.0430, from which a price rebound downward and a continuation of the decline in the pair should be considered, targeting below 1.0255. An additional bearish signal will be a test of the resistance line on the RSI indicator. The decline scenario will be canceled in case of strong growth and a breakout of the 1.0475 level, indicating further upside potential toward 1.0645.
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