Euro vs dollar price prediction: sideways action likely as EUR/USD maintains bullish posture

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Euro vs dollar rises 0.07% today

Highlights

EUR/USD trades above MA-20 ($1.1749), MA-50 ($1.1656), and MA-200 ($1.1657), indicating bullish short-, medium-, and long-term trends.
Momentum remains strongly positive, with D1 MACD issuing a buy signal, ADX at 30.2 confirming trend clarity, and Bull/Bear Power favoring buyers.
EUR/USD is expected to consolidate within $1.1750–$1.1855 over the next five trading days, with over 80% probability of an upward move.

Upward momentum confirmed amid mixed oscillator signals

Momentum readings are predominantly bullish, with the D1 MACD showing a strong buy signal and the ADX at 30.2 indicating a clear trend. RSI and CCI both read in "buy" territory, showing no signs of extreme overbought conditions, while Stoch RSI is neutral but leans slightly toward a sell. Bull/Bear Power is positive and strongly favors buyers, confirming upward intraday momentum. Awesome Oscillator remains neutral, offering little directional bias. The Ichimoku Kijun level at $1.1713 is the nearest dynamic support, with resistance likely forming near the recent highs or at the MA-50 on higher time frames. The intraday tone implies sideways consolidation with mild upward bias; while most momentum signals support the modest rise, oscillators offer mixed short-term signals, creating some divergence.

Sideways consolidation expected as bullish odds remain high

For the next five trading days, the expected range is $1.1750 to $1.1855, keeping within a typical volatility band relative to current levels. The probability of an upward move is very high (more than 80%), and a decrease is less likely. The baseline scenario is for EUR/USD to consolidate sideways within this range. A bullish breakout above $1.1855 could trigger accelerated gains if momentum broadens, while a bearish scenario would only take shape if the price quickly falls below the $1.1713 support area marked by the Ichimoku Kijun, potentially targeting the lower $1.1700–$1.1720 region.

Anton Kharitonov, expert at Traders Union, sees EUR/USD technically biased to the upside in the short and medium term. However, he notes the low volatility and absence of major news, which limits conviction in a sustained trend. While most momentum signals favor mild gains, oscillators show some divergence that cannot be ignored. "Until $1.1855 breaks or $1.1713 fails, I remain cautious and see consolidation as the base case."

Last time, analysts noted that EUR/USD was trading just above the 20-day moving average and well above longer-term MAs, confirming a bullish trend despite mixed daily momentum signals from oscillators. Immediate support is seen at $1.1713 with resistance at $1.1800, and while the medium-term outlook remains constructive, intraday weakness and conflicting momentum indicators suggest a period of cautious sideways consolidation.

Source of Data: EUR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.