The Euro Dollar EUR/USD currency pair is ending the trading week with a correction as a Triangle pattern begins to form near 1.1918. Moving averages indicate a bullish trend for the pair. Prices have broken above the signal lines, indicating upward pressure from buyers of the European currency and a likely continuation of growth from current levels. The Euro exchange rate forecast for the trading week expects an attempt to continue the decline in the EUR/USD pair and a test of the support area near 1.1825. From here, an upward rebound and continued growth in the Euro Dollar currency pair are expected this week. A potential upside target is above 1.2485.
EURUSD Weekly Forecast February 2 – 6, 2026
An additional signal in favor of an uptrend for the EUR/USD pair on Forex will be a test of the support line on the relative strength indicator (RSI). The second signal will be a rebound from the upper boundary of the Triangle pattern. A decline and a breakout of 1.1425 will cancel the upward trend in the Euro/Dollar pair during the current trading week (February 2-6, 2026). This will indicate a breakout of the support area and a continuation of the pair’s decline below 1.1165. A breakout of the resistance area and a close above 1.2135 should confirm the pair’s upward trend.
EURUSD Weekly Forecast February 2 – 6, 2026 suggests an attempt at a bearish correction and a test of the support area near 1.1825. From this point, we should expect an upward price rebound and continued growth in the Forex market below 1.2485. An additional signal in favor of an upside move would be a test of the support line on the relative strength indicator (RSI). A decline and a break of 1.1425 would cancel out the EUR/USD upside move. In this case, we should expect the pair to continue its decline with a potential target at 1.1165.
