The Euro Dollar EUR/USD currency pair ends the trading week with growth near the level of 1.1227. The moving averages indicate a bullish 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 growth in the EUR/USD pair and a test of the resistance area near the level of 1.1375. From where a downward rebound and continued decline of the Euro Dollar currency pair is expected in the current trading week. The potential growth target is the area below the level of 1.0705.
EUR/USD Weekly Forecast May 12 — 16, 2025
An additional signal in favor of a decline in the EUR/USD pair on Forex will be a test of the resistance line on the relative strength indicator (RSI indicator). The second signal will be a rebound from the resistance area on the price chart. The cancellation of the option of a decline in the Euro Dollar pair quotes in the current trading week of May 12 — 16, 2025, will be strong growth and a breakout of the level of 1.1705. This will indicate a breakout of the resistance area and continued growth of the pair to the area above 1.1985. With a breakout of the support area and closing of quotes below 1.1045, we should expect confirmation of the fall in quotes of the pair, which will indicate a breakout of the lower border of the bullish channel.
EUR/USD Weekly Forecast May 12 — 16, 2025 suggests an attempt to develop a bullish correction and a test of the resistance area near the level of 1.1375. Where should we expect a price rebound downwards and a continuation of the pair’s fall on the Forex market to the area below the level of 1.0705. An additional signal in favor of a decline will be a test of the resistance line on the relative strength indicator (RSI). The cancellation of the Euro Dollar fall option will be a strong growth and a breakout of the level of 1.1705. In this case, we should expect a continuation of the rise of the pair with a potential target at the level of 1.1985.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
