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08.10.2025 10:12 AM
EUR/USD. Technical Analysis on October 8, 2025

Trend Analysis (Fig. 1).

On Wednesday, from the level of 1.1655 (yesterday's daily candle close), the market may continue downward toward 1.1593 — the 61.8% retracement level (blue dotted line). Upon testing this level, the price may rebound upward toward 1.1608 — a historical resistance level (light-blue dotted line).

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Fig. 1 (Daily chart).

Comprehensive Analysis:

  • Indicator analysis – down;
  • Fibonacci levels – down;
  • Volumes – down;
  • Candlestick analysis – down;
  • Trend analysis – down;
  • Bollinger Bands – down;
  • Weekly chart – down.

Overall conclusion: downward trend.

Alternative scenario: from the level of 1.1655 (yesterday's daily candle close), the price may continue downward toward 1.1608 — a historical resistance level (light-blue dotted line). Upon testing this level, the price may rebound upward toward 1.1645 — the lower fractal (red dotted line).

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