Euro vs dollar price prediction: Will bulls break $1.1800? EUR/USD consolidates

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Euro vs dollar rises 0.06% today

Highlights

EUR/USD trades at $1.1752, just below the MA-20 ($1.1753), with medium- and long-term bullish technical structures remaining intact above MA-50 ($1.1667) and MA-200 ($1.1660).
Daily momentum is mixed: D1 MACD issues a strong buy, ADX signals healthy trend strength, but short-term oscillators show caution, with Stochastic RSI oversold and CCI neutral.
EUR/USD is expected to range $1.1720–$1.1845 over five days, with an 80%+ probability of upside and a bullish scenario triggered above $1.1800.

Consolidation likely as mixed momentum meets technical barriers

The nearest dynamic support for EUR/USD is defined by the Ichimoku Kijun at $1.1713, with resistance at the MA-20 and the psychological $1.1800 level. Daily momentum remains mixed — the D1 MACD generates a strong buy signal, supported by a healthy trend as shown by the ADX, though short-term oscillators such as Stochastic RSI are oversold and CCI remains neutral. The D1 RSI points modestly higher at 55, reflecting underlying bullish inertia, but a negative BBP value and its sell signal highlight ongoing intraday pressure from sellers. Low intraday volatility and conflicting oscillator signals suggest price consolidation with a muted directional bias.

Upside favored as volatility bands and signals support bullish view

In the short term, the typical volatility band is expected to stay between $1.1720 and $1.1845 over the next five days. The probability of further upside remains high, with weekly signals (RSI-w1, MACD-w1, MA-50-w1 in buy, ADX-w1 neutral) supporting more than an 80% chance of gains. The baseline scenario is that EUR/USD consolidates near $1.1750 – $1.1800, responding to round levels. Bullish momentum above $1.1800 targets $1.1845, while a break under $1.1720 could see a slide toward dynamic support at $1.1713, with further downside risk toward $1.1660.

Viktoras Karapetjanc, Traders Union expert, sees EUR/USD holding steady above medium- and long-term supports. He believes bullish momentum is developing, with weekly signals pointing to an 80% probability of gains. Short-term consolidation is likely as conflicting intraday signals keep the price around $1.1750 – $1.1800. If $1.1800 breaks, the path toward $1.1845 remains open. "Momentum and broader market confidence both support a constructive outlook for EUR/USD, with dips likely to attract buyers in coming sessions."

Previously it was reported that EUR/USD is trading slightly above its short-term moving average and well above medium- and long-term supports, with momentum indicators showing a generally positive bias despite mixed oscillator signals. The pair is consolidating near resistance, and the probability of an upward move remains high, with key support at $1.1713 and resistance near the $1.1800 level.

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.