Euro Dollar EUR/USD currency pair continues to move within the development of bullish correction and descending channel. Moving averages indicate the presence of a short-term upward trend in the pair. Prices are testing the area between the signal lines again, 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 1.1236. Within the Forex forecast for May 15, 2025 we should expect an attempt to develop a bullish price correction and test the resistance level, which is located on the EUR/USD pair near the area of 1.1265. Further, the price rebound downward and the continuation of the fall of the currency pair EUR/USD. The potential target of such a movement on FOREX is the area below the level of 1.0905.
EURUSD Forecast Euro Dollar for May 15, 2025
An additional signal in favor of a bearish scenario on the EUR/USD currency pair tomorrow will be a rebound from the descending resistance line on the RSI indicator. The second signal in favor of this option will be a rebound from the upper boundary of the descending channel. A strong growth and breakdown of the level of 1.1365 will cancel the variant of falling quotes of the currency pair Euro Dollar tomorrow. This will indicate the breakdown of the resistance area and the continuation of the resumption of the bullish momentum to the level of 1.1675. We should expect confirmation of the fall in EUR/USD currency pair with the breakdown of the support area at 1.1205.
EURUSD Forecast Euro Dollar for May 15, 2025 suggests an attempt to develop a bullish correction of the pair and a test of the resistance area near the level of 1.1265. From where we should consider a rebound in the price of the currency pair Euro Dollar downward and an attempt to continue the fall of the asset in the market to the area below the level of 1.0905. An additional signal in favor of the decline of the instrument at the Forex market will be a test of the resistance line on the relative strength indicator (RSI). A strong growth of quotes and breakdown of the level of 1.1365 will cancel the variant of EUR/USD pair decline. This will indicate the breakdown of the resistance area and the continuation of growth of the currency pair on Forex to the area above the level of 1.1675.
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