Currency pair Euro Dollar (EUR/USD) concludes the trading week with growth near the level of 1.1335. Moving averages indicate a bearish trend for this pair. Prices broke through the area between signal lines upwards, which indicates pressure from buyers of European currency and the likelihood of continued growth already from current levels. Within the forecast for the Euro’s course for the trading week, we should anticipate an attempt to develop price growth towards the EUR/USD pair and testing the resistance zone near the level of 1.1525. From there, a downside reversal is expected, along with further decline in the Euro Dollar currency pair on the current trading week. The potential target for growth would be an area below the level of 1.0765.
EUR/USD Weekly Forecast June 2 — 6, 2025
Additional confirmation of a decline in the EUR/USD forex pair will be when this line is tested on the Relative Strength Index (RSI) indicator. A second signal will come from a bounce off the upper boundary of the reversal pattern “Double Top”. Cancellation of the option for price reductions in the current trading week of June 2 — 6, 2025, will be a strong rise and break through the level of 1.1825. This will indicate breaking the resistance area and continuing growth to an area above the level of 1.2185. With penetration into the support zone and closing prices below the level of 1.1105, there is a forecast for confirmation of price declines in the pair, indicating breaking through the lower boundary of the bull channel.
EURUSD Weekly Forecast June 2 — 6, 2025 anticipates an attempt of a bullish correction development and testing the area of resistance near the level 1.1525. From there, we can expect the price bounce downwards and continue the fall of the currency pair on the Forex market towards levels below 1.0765. An additional signal in favor of depreciation would be testing the resistance line on the Relative Strength Index (RSI) indicator. Cancellation of the downward scenario for Euro Dollar will be a strong growth and break through the level 1.1825. In this case, we can expect continuation of the pair’s rise with potential target at level 1.2185.
