The currency pair Euro Dollar EUR/USD continues its movement within the framework of growth development and a bullish channel. Moving averages indicate the presence of a short-term upward trend on this pair. Prices broke through the zone between signal lines upwards, which indicates pressure from Euro buyers and potential continuation of price appreciation of the currency pair already at current levels. The Euro to Dollar exchange rate as of publication is 1.1325. Within the Forex forecast for May 22, 2025, one should expect a move toward increasing prices and testing the resistance level located on the EUR/USD pair near the area of 1.1345. Subsequently, a price bounces down and continuation of the Euro Dollar currency pair’s decline. The potential target for such movement on FOREX is an area below the level of 1.1225.
EURUSD Forecast Euro Dollar for May 22, 2025
Additional bullish signal for the development of a bearish scenario on the currency pair EUR/USD tomorrow will be a bounce off the descending resistance line on the RSI indicator. The second signal in favor of such an option would be a rebound from the upper boundary of the descending channel. Cancellation of the variant of price drop for the Euro Dollar currency pair tomorrow would be a strong rise and a break above the level of 1.1415. This will indicate a breakthrough the resistance area and continuation of the bullish impulse up to the level of 1.1605. Expect confirmation of a decline in the EUR/USD currency pair with a breach of the support area at the level of 1.1265, indicating a breakthrough the lower boundary of the bearish correction channel.
EURUSD Forecast Euro Dollar for May 22, 2025, suggests a development of a bullish correction and testing of resistance area close to level 1.1345. This should lead us to consider the price rebound from the Euro Dollar currency pair downwards and an attempt at continuing the asset’s decline in the region below level 1.1225. An additional signal indicating a decrease in the instrument on the Forex market would be testing of the resistance line on the Relative Strength Index (RSI) indicator. A reversal of the EUR/USD pair’s decline will occur with strong growth and breaking of level 1.1415, which indicates that this area of resistance has been breached and an increase in the Euro Dollar currency pair is expected to continue Forex in the region above level 1.1605.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
