The Euro Dollar EUR/USD currency pair is ending the trading week with gains within a bullish channel. At the time of publication of the EUR/USD forecast for the week, the Euro to US Dollar exchange rate is 1.1762. Moving averages indicate a bullish trend for the pair. Prices have broken the area between the signal lines, indicating pressure from buyers of the European currency and a likely continuation of the decline from current levels. The Euro exchange rate forecast for the trading week expects an attempt to further increase the EUR/USD pair and a test of the resistance area near 1.1825. From here, a downward rebound and continued decline in the Euro Dollar currency pair is expected this trading week. The potential downside target is below 1.1285.
EURUSD Weekly Forecast April 20 – 24, 2026
An additional signal supporting a decline in the EUR/USD pair on Forex will be a test of the resistance line on the relative strength indicator (RSI). A second signal will be a rebound from the upper boundary of the bearish Wolfe Wave pattern. A strong rally and a breakout of 1.2025 would cancel out the downward trend in the EUR/USD pair during the current trading week (April 20-24, 2026). This would indicate a breakout of the resistance area and continued growth above 1.2405. A breakout of the support area and a close below 1.1685 should confirm the pair’s decline.
EURUSD Weekly Forecast April 20 – 24, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 1.1825. From this point, a downward price rebound and continued decline in the Forex market below 1.1285 should be expected. An additional signal supporting a decline would be a test of the resistance line on the relative strength indicator (RSI). A strong rally and a breakout of 1.2025 would cancel out the EUR/USD decline. In this case, we should expect continued upside with a potential target at 1.2405.
