The Euro Dollar EUR/USD currency pair is ending the trading week with a correction and a bullish channel. At the time of publication of the EUR/USD forecast for the week, the Euro to US Dollar exchange rate is 1.1866. Moving averages indicate a bullish trend for the pair. Prices have broken upwards through the area between the signal lines, indicating upward pressure from buyers of the European currency and a likely continuation of growth from current levels. As part of the Euro exchange rate forecast for the trading week, we expect an attempt at a bearish correction in the EUR/USD pair and a test of the support area near 1.1705. From here, an upward rebound and continued growth of the Euro Dollar currency pair is expected this trading week. The potential upside target is above 1.2375.
EURUSD Weekly Forecast February 16 – 20, 2026
An additional signal in favor of the EUR/USD pair’s rise on the Forex market will be a test of the support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. A decline and a break of 1.1505 will cancel out the upward trend in the EUR/USD pair during the current trading week (February 16-20, 2026). This will indicate a break of the support area and a continuation of the pair’s decline below 1.1165. A break of the resistance area and a close above 1.1905 should confirm the pair’s upward trend.
EURUSD Weekly Forecast February 16 – 20, 2026 suggests an attempt at a bearish correction and a test of the support area near 1.1705. From there, we should expect an upward price rebound and continued growth in the Forex market below 1.2375. A test of the support line on the relative strength indicator (RSI) would be an additional signal in favor of an upside move. The Euro/Dollar rally would be cancelled by a decline and a breakout of 1.1505. In this case, we should expect continued decline in the pair, with a potential target at 1.1165.
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