The Euro Dollar EUR/USD currency pair ends the trading week with a strong growth near the level of 1.1374. The moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a bearish correction in the EUR/USD quotes and a test of the support area near the level of 1.1185. From where an upward rebound and continued growth of the Euro Dollar currency pair is expected in the current trading week. The potential growth target is the area above the level of 1.1935.
EUR/USD Weekly Forecast April 21 — 25, 2025
An additional signal in favor of the growth of the EUR/USD pair on Forex will be a test of the support line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the upper border of the bearish channel, which was broken upwards by buyers. The cancellation of the growth option for the Euro Dollar pair in the current trading week of April 21 — 25, 2025, will be a fall and a breakout of the 1.0995 level. This will indicate a breakout of the support area and a continuation of the fall of the pair to the area below the 1.0635 level. With a breakout of the resistance area and closing of quotes above the 1.1485 level, we should expect confirmation of the growth of the pair’s quotes.
EUR/USD Weekly Forecast April 21 — 25, 2025 suggests an attempt to develop a bearish correction and a test of the support area near the level of 1.1185. Where should we expect a price rebound upward and continued growth of the pair on the Forex market to the area above the level of 1.1935. An additional signal in favor of the rise will be a test of the support line on the relative strength indicator (RSI). The cancellation of the Euro Dollar growth option will be a fall and a breakout of the level of 1.0995. In this case, we should expect a continuation of the decline of the pair with a potential target at the level of 1.0635.
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