The euro/dollar (EUR/USD) currency pair continues to move as part of the formation of a bullish correction and the preservation of a descending channel. Moving averages emphasize the presence of a bearish trend in this pair in the short term. The price levels are again approaching the area between the signal lines with a downward movement, which indicates pressure from the sellers of the euro and the possibility of a further decline in quotations from current levels. At the time of making the forecast, the euro-dollar exchange rate is 1.1545. As part of the forecast for November 12, 2025, an attempt is expected to develop a bullish correction with a test of resistance located near the level of 1.1605. After that, prices are expected to decline with the beginning of a bearish impulse. The potential target of such a move is below the 1.1435 level.
An additional signal for the EUR/USD pair to fall tomorrow will be a rebound from the resistance line of the RSI indicator. A rebound from the upper boundary of the descending channel will also be a confirmation. The scenario of a decline in quotations will be canceled in the event of strong growth and a breakout of the 1.1665 level, which will indicate overcoming resistance and the possibility of a subsequent increase in value to 1.1895. Confirmation of the continuation of the decline will be the breakdown of the support area at 1.1545, which will indicate an exit beyond the lower boundary of the bullish correction channel.
