The EUR/USD currency pair is ending the trading week amidst a correction and the completion of a bullish “Wolfe Wave” pattern. There is also potential for the formation of a “Head and Shoulders” reversal pattern. At the time of this weekly forecast, the EUR/USD exchange rate stands at 1.1547. Moving averages indicate a bullish trend for the pair. Prices have broken upward through the area between the signal lines, signaling buying pressure on the Euro and a likely continuation of the rise from current levels. For the trading week, we anticipate an attempt at a bearish correction in EUR/USD quotes, testing the support area near the 1.1365 level. From there, an upward rebound and continued growth of the EUR/USD pair are expected. The potential target for the rise is the area above the 1.2065 level.
EURUSD Weekly Forecast September 14 – 18, 2026
An additional signal supporting a rise in EUR/USD is a test of the support line on the Relative Strength Index (RSI). A second signal would be a rebound from the lower boundary of the bullish “Head and Shoulders” pattern. The scenario of a rise in EUR/USD quotes for the week of September 14–18, 2026, would be invalidated by a sharp decline and a break below the 1.1145 level. This would indicate a breach of the support area and a continued drop of the pair below the 1.0835 level. A break of the resistance area and a close above 1.1755 would confirm the rise in the currency pair’s quotes as part of the bullish “Head and Shoulders” pattern.
EURUSD Weekly Forecast September 14 – 18, 2026 suggests an attempt to develop a bearish correction and a test of the support area near the 1.1365 level. From there, a price rebound and a continuation of the pair’s growth toward the area above 1.2065 should be expected. A test of the resistance line on the Relative Strength Index (RSI) will serve as an additional signal favoring an upward move. The bullish scenario for EUR/USD would be invalidated by a drop and a breakout below the 1.1145 level; in that case, a continued decline with a potential target at 1.0835 should be anticipated.
