Hello Traders, Today is the first day of the week, and we have come with the EURUSD forecast for you. Let’s delve into the analysis.

EURUSD Forecast Today: Key Breakout Levels to Watch

EURUSD forecast today shows a critical moment for traders as the pair tests key technical levels that could determine the next directional move. The euro has been under pressure due to a strong US dollar, but signs of consolidation and trendline testing hint that a breakout could be near.

On the 2-hour chart, EURUSD is moving right below a long-term descending trendline that has acted as strong resistance since early July. Currently, price action is consolidating just beneath this level, and traders are watching closely for a potential breakout or rejection.

📊 A recent survey by RTRS analysts indicates that EURUSD may climb toward 1.1800 in the next 6 months and could reach 1.2000 within the next year, depending on broader economic developments in the Eurozone and US. However, EURUSD forecast today remains cautiously bearish due to continued strength in the US dollar, backed by higher interest rate expectations and resilient economic data.

📌 EURUSD Trading Strategy

Traders can prepare for both scenarios — bullish and bearish — with a pending breakout setup:

🔼 Buy Stop Order: Place a buy stop at 1.1660
🎯 Target 1 (TP): 1.1700
🛡️ Stop Loss suggestion: Below 1.1630

🔽 Sell Stop Order: Place a sell stop at 1.1620
🎯 Target 2 (TP): 1.1580
🛡️ Stop Loss suggestion: Above 1.1655

This dual-order setup allows traders to capture a breakout in either direction while staying protected from false moves inside the current consolidation range.

🔍 EURUSD Technical Outlook

• Price is retesting the descending blue trendline shown on the chart, which may act as a key resistance.
• A break above the 1.1660 level could open room for a short-term bullish rally.
• If the pair fails to break higher and drops below 1.1620, it could revisit the 1.1580 support zone marked in red.
• The 200-period MA is currently hovering near the price, indicating a critical decision point.

📣 EURUSD Forecast Today – What Traders Should Do

With markets uncertain and macro factors evolving, today’s EURUSD forecast emphasizes caution and flexibility. Pending orders on either side of the range offer a smart approach while minimizing unnecessary risk. Keep an eye on upcoming economic events and dollar-related news, which may drive volatility.

👍 Smash Like if you’re going long on EURUSD!
🔥 Drop a comment if you’re shorting the pair today!
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