The EUR/USD currency pair is ending the trading week amidst a correction and the completion of a “Head and Shoulders” reversal pattern. At the time of this weekly forecast, the EUR/USD exchange rate stands at 1.1487. 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. The forecast anticipates an attempt at a bearish correction for EUR/USD, testing the support area near the 1.1355 level. From there, an upward rebound and continued growth of the pair are expected during the current trading week. The potential target for the rise is the area above the 1.2465 level.
EURUSD Weekly Forecast September 28 – October 3, 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 is the rebound from the lower boundary of the bullish “Head and Shoulders” pattern. The scenario of a rise in the EUR/USD rate for the week of September 28 – October 3, 2026, would be invalidated by a sharp decline and a breakout below the 1.1235 level. This would indicate a breach of the support area and a continued drop for the pair toward levels below 1.0805. If the resistance area is broken and prices close above the 1.1755 level, we can expect confirmation of the currency pair’s rise as part of a bullish “Head and Shoulders” pattern.
EURUSD Weekly Forecast September 28 – October 3, 2026 suggests a potential bearish correction and a test of the support area near 1.1355. From there, we should expect an upward price rebound and a continuation of the pair’s rise in the Forex market toward levels above 1.2465. An additional signal supporting an upward move would be a test of the resistance line on the Relative Strength Index (RSI). The bullish scenario for EUR/USD would be invalidated if the price falls below and breaks the 1.1235 level; in that case, a continued decline with a potential target at 1.0805 should be expected.
