**Forex Technical Major Pairs Analysis: October 3, 2025**
*Inspired by the work of FXDailyReport (original article by Azeez Mustapha)*
As we move into early October 2025, the forex market is providing traders with numerous opportunities and signals for the major pairs. Factors such as shifting central bank policies, evolving macroeconomic data, and ongoing geopolitical issues are impacting trends and price actions across these pairs. This article offers an in-depth technical analysis of the key forex majors, drawing from recent market behavior, key support and resistance levels, and broader market sentiment. This analysis synthesizes insights based on the original FXDailyReport article with augmented details from the broader forex community.
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### **EUR/USD: Bulls Seek Direction Amid Uncertainty**
The EUR/USD pair started October showing significant hesitation, with the euro attempting to regain strength after several weeks of persistent US dollar dominance. Several core factors influence the euro’s trajectory:
– **Daily Timeframe Overview**
– The euro remained mostly range-bound during the previous week, oscillating between a well-defined support zone near 1.0450 and resistance near 1.0675.
– The pair had to contend with a downward trendline stretching back to July, with any upward momentum quickly met by heavy selling.
– The technical indicators are showing mixed signals: while the RSI hovers close to oversold territory, MACD remains in negative territory, suggesting bears still have an edge.
– **Key Support and Resistance Levels**
– Support: 1.0450, followed by the psychological level at 1.0400.
– Resistance: 1.0675, with a zone extending to 1.0750.
– A daily close above 1.0750 could open doorways to further gains, potentially testing 1.0800.
– **Fundamental Drivers**
– Diverging monetary policies between the US Federal Reserve and the European Central Bank add to the euro’s struggle.
– Markets await new CPI data and ECB announcements, which could be pivotal.
– **Next Moves**
– A break below 1.0450 would reinforce bearish sentiment, targeting the 1.0400 area or lower.
– Upside moves will need a strong push beyond 1.0700 to attempt a sustained reversal.
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### **GBP/USD: Downside Risks Persist**
The British pound has been under selling pressure for much of the recent period, weighed by stagnant economic data and persistent US dollar strength. The GBP/USD pair’s technical landscape paints a challenging picture for pound bulls:
– **Technical Setup**
– GBP/USD has traded in a downward channel since August, with each effort to break higher stifled by the 1.2350 resistance.
– The support level at 1.2100 is being rigorously tested, a breach of which could lead to accelerated declines.
– RSI remains subdued, and there are minimal signs of bullish
Read more on AUD/USD trading.