Currency pair Euro Dollar EUR/USD concludes the trading week with growth near the level of 1.1325. Moving averages indicate a bearish trend for this pair. Prices have broken through the zone between signal lines upwards, which indicates pressure from the buyers of the European currency and the likelihood of further price increase already from current levels. In terms of the Euro’s price forecast for the trading week, it is expected to see an attempt at developing upward movement in EUR/USD quotes towards the resistance area near 1.1465, followed by a downward bounce and continuation of the decline in the Euro Dollar currency pair on the current trading week. The potential target for growth lies below the level of 1.0775.
EURUSD Weekly Forecast May 26 — 30, 2025
Additional signals for the decrease of the EUR/USD pair on Forex will be a test of the broken trend line on the Relative Strength Index (RSI) indicator. The second signal will be a bounce off the upper border of the reversal pattern “Double Top”. Cancellation of the option for decreasing the quotations of the Euro Dollar pair for the current trading week of May 26 — 30, 2025, will be a strong rise and breakthrough of the level 1.1825. This will indicate a breach of the resistance area and continuation of growth in the region above the 1.2145 level. With a breakthrough of the support zone and closing prices below the level 1.1125, expect confirmation of the quotations’ fall, indicating a breach of the bull channel’s lower boundary.
EURUSD Weekly Forecast May 26 — 30, 2025 suggests an attempt at developing a bullish correction and testing the resistance area near 1.1465 level. From where we should expect a price bounce downwards and continuation of the currency pair’s decline on the Forex market into areas below the 1.0775 level. An additional signal for a decrease will be a test of the resistance line on the Relative Strength Index (RSI) indicator. Cancellation of the downtrend option in Euro Dollar would be a strong rise and breakout through the 1.1825 level. In this case, we should anticipate continuation of the pair’s increase with a potential target at 1.2145.
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