The EUR/USD currency pair ends the trading week within a corrective phase and a descending channel. At the time of this forecast, the EUR/USD exchange rate stands at 1.1198. Moving averages indicate a bearish trend for the pair. Prices have broken below the area between the signal lines, pointing to selling pressure on the Euro and the likelihood of a continued decline from current levels. For the coming trading week, we anticipate an attempt to push the EUR/USD pair lower, testing the support area near 1.1095. From there, a rebound is expected, leading to a recovery in the EUR/USD pair. The potential target for this upward move lies above the 1.1795 level.
EURUSD Weekly Forecast October 26 – 30, 2026
An additional signal supporting a rise in the EUR/USD pair is a test of the support line on the Relative Strength Index (RSI) indicator. A second signal would be a rebound from the lower boundary of the bearish channel. The bullish scenario for the week of October 26–30, 2026, would be invalidated if the price falls and breaks below the 1.0945 level; this would signify a breach of the support zone and a further decline toward levels below 1.0735. Conversely, a break above the resistance zone—confirmed by a close above 1.1265—would indicate a breakout from the upper boundary of the descending corrective channel.
EURUSD Weekly Forecast October 26 – 30, 2026 suggests an attempt at a bearish correction, with a test of the support area near the 1.1095 level. From there, a rebound is expected, leading to a continued rise in the pair toward levels above 1.1795. An additional signal supporting an upward move would be a test of the resistance line on the Relative Strength Index (RSI) indicator. The bullish scenario for EUR/USD would be invalidated if the price falls and breaks below the 1.0945 level; in that case, a further decline toward a potential target of 1.0735 should be expected.
