Overview
EUR/USD Weekly Forecast shows that the pair is currently in a broader bullish trend, having rallied strongly from sub-1.0500 levels to a recent high near 1.1600. However, recent price action shows signs of corrective movement, with price pulling back toward a key support zone around 1.1200–1.1250. This area now acts as a decision point for the next major move. While higher timeframes remain bullish, intraday structure suggests short-term indecision. The coming sessions are critical to confirm whether this is a temporary retracement or a deeper correction developing.
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1W Time Frame (Weekly Analysis)
On the weekly chart, EUR/USD has completed a significant trend reversal, forming a higher-high structure after breaking out of the long-term consolidation below 1.1200. Price surged to 1.1600 before encountering resistance, and is now pulling back into the 1.1250 support region. This zone marks a previous breakout level and is crucial to sustain the upward structure. Weekly momentum remains bullish unless price breaks below 1.1050 on a closing basis. Buyers may re-enter on confirmation of support holding, eyeing 1.1450 and 1.1600 retests.
1D Time Frame (Daily Analysis)
The daily timeframe shows that EUR/USD has been retracing after an extended rally in March and April. Following the peak at 1.1600, a series of lower highs has emerged, bringing price back to the 1.1200–1.1250 area — a key demand zone from previous consolidation. Daily candles suggest indecision and reduced momentum, indicating a potential shift in control. A confirmed bounce could resume the uptrend, while a breakdown below 1.1200 would expose 1.1050 as the next support target.
4H Time Frame (4-Hour Analysis)
The 4H chart highlights a corrective descending channel structure. After failing to hold above 1.1400, price has been trading lower and recently swept liquidity below 1.1220, only to rebound swiftly — suggesting possible stop-hunting and buyer interest. Key short-term resistance now lies around 1.1300–1.1320, which must break for any bullish continuation. If price fails to hold above 1.1240, deeper liquidity toward 1.1150 may be targeted. This zone marks a critical intraday battleground between bulls and bears.
Conclusion
This EUR/USD Weekly Forecast outlines that while the pair remains bullish on the weekly and daily charts, short-term technicals reflect a market in consolidation or correction. The 1.1200–1.1250 area is crucial; holding this zone could resume the broader uptrend, while a breakdown would signal deeper pullback potential. Traders should monitor price action and breakout signals on the 4H chart for confirmation before taking directional bias.
