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EUR/USD Euro Dollar Forex forecast for May 25, 2021

EUR/USD Euro Dollar Forex forecast for May 25, 2021

The Euro-Dollar currency pair is trading at 1.2213 and continues to move within the correction and formation of the ”Triangle" model. The EUR/USD pair is moving above the upper limit of the Ichimoku Kinko Hyo indicator Cloud. This indicates the presence of a bullish trend in the financial instrument. As part of the Euro-US Dollar exchange rate forecast for May 25, 2021. An attempt is expected to continue the development of the correction and test the upper border of the Ichimoku Kinko Hyo indicator Cloud near the level of 1.2185. Where to expect an attempt to rebound and continue the rise of the EUR/USD pair with a potential target at the level of 1.2365.

 

EUR/USD Euro Dollar Forex forecast for May 25, 2021

 

An additional signal in favor of the rise of the EUR/USD currency pair on FOREX will be a test of the support area. The second signal will be a rebound from the lower border of the bullish channel. Earlier, a strong signal was received to buy the Euro-Dollar pair. The signal was formed due to the intersection of signal lines at the level of 1..2005. The nearest resistance area for the pair is located at 1.2265. The nearest support area for the pair is located near the 1.2170 area.

 

EUR/USD Euro Dollar Forex forecast for May 25, 2021

 

The cancellation of the option of raising the quotes of the EUR/USD pair on Forex will be a breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 1.2125 area. This option will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the fall of Euro against US Dollar on Forex. Expect an acceleration in the rise of EUR/USD with a breakdown of the resistance area and the price closing above the level of 1.2265, which will indicate a breakdown of the upper limit of the ”Triangle" model.

Thus, the EUR/USD forecast for the Euro Dollar on May 25, 2021 suggests an attempt to test the support level near the area of 1.2185. Where should we expect the currency pair to continue growing with a potential target near the level of 1.2365? The cancellation of the option of lifting the pair will be the breakdown of the area of 1.2125. This will indicate a continuation of the fall of the Euro against the US Dollar with a potential target below the level of 1.2005.

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