Currency pair EUR/USD continues to rise for the second day in a row, trading near the 1.1390 mark during the Asian session on Monday. The Euro strengthens following Bloomberg’s report that former US President Donald Trump agreed to extend the imposition of 50% tariffs on goods from the European Union until July 9th. On Sunday, European Commission President Ursula von der Leyen wrote on social media that the EU is ready for accelerated negotiations with the US, but more time would be required to achieve a comprehensive agreement. Meanwhile, American markets were closed on Monday due to Memorial Day.
Additional support for the EUR/USD currency pair is provided by the ongoing weakening of the US dollar, linked to uncertainty around the state of the American economy. If the Trump tax bill – the so-called ‘Big Beautiful Law’ – passes a Senate vote, this could increase the budget deficit even further in the U.S. This enhances risks for high yields on government bonds, which may continue to support high interest costs for consumers, businesses and the government.
EUR/USD Forecast Euro Dollar for May 27, 2025
Currency pair Euro Dollar EUR/USD continues its movement within the correction development and ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between signal lines upwards, which indicates pressure from European currency buyers and potential continuation of price increase already at current levels. At the time of the publication of the forecast, the Euro to Dollar exchange rate stands at 1.1378. Within the Forex forecast for May 27, 2025, it is expected that there will be an attempt for a bearish correction in the price and testing of the support level on the EUR/USD pair near the area of around 1.1315. Following this, prices bouncing upwards and continuation of growth for the Euro Dollar currency pair. The potential target for such movement on FOREX is above the level of 1.1535.
Additional indication in favor of the growth scenario development on the currency pair EUR/USD tomorrow will be a rebound off the bull trend line on the RSI indicator. The second indication in favor of this variant is a bounce off the lower boundary of the uptrend channel. Cancellation of the growth option for the Euro Dollar currency pair prices tomorrow would be its drop and break through the level 1.1265, indicating突破of the support area and continuation of the downward movement to the level 1.1095. Expect confirmation of growth on the EUR/USD currency pair with a breach of the resistance zone at level 1.1505, which indicates of the upper boundary of the bull channel, this is a signal for growth across the width of the channel.
EUR/USD Forecast Euro Dollar for May 27, 2025 anticipates an attempt at price appreciation and a test of the support level near 1.1315. From where to consider a price rebound in the Euro Dollar currency pair and an attempt to continue asset value growth up to the mark of 1.1535 on the market. A bullish trend line test on the Relative Strength Index (RSI) will act as a supportive signal for instrument uplift on the Forex market. Cancellation of the EUR/USD pair’s upward movement option will be when prices drop and breach the level of 1.1265. This will indicate a breakthrough the support zone and continued depreciation of the currency pair on Forex to the mark of 1.1095.
