**Forex Technical Analysis: Major Pairs Overview – October 3, 2025**
*Adapted and expanded from analysis by Marius Tayam*
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### Introduction
Forex market activity continues to shape opportunities for traders, as currency pairs react to shifting economic indicators, central bank policies, and global macroeconomic events. With October underway, the primary forex pairs—EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD—present important technical levels to monitor as the market navigates key data releases, geopolitical shifts, and changes in risk appetite. Below, we provide an expanded technical analysis of these major currency pairs, integrating and elaborating on insights from Marius Tayam of FX Daily Report and additional market context from recent reputable sources.
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### EUR/USD Analysis
**Recent Performance:**
– The EUR/USD pair has been under bearish pressure recently, extending its downward trend as the US Dollar remains bolstered by expectations of sustained high US interest rates.
– The pair trades at multi-month lows, struggling to regain traction above support levels.
**Key Technical Levels:**
– Immediate support: 1.0450–1.0500 zone
– Secondary support: 1.0350
– Resistance: 1.0650, followed by stronger resistance at 1.0750
**Technical Indicators:**
– Daily RSI (Relative Strength Index) flirts with oversold territory, indicating potential for a short-term corrective rebound.
– The 50-day moving average is sloping downwards, reinforcing the prevailing bearish trend.
– MACD line remains below the signal line, suggesting momentum favors sellers.
**Fundamental Influences:**
– Eurozone inflation data has cooled, raising speculation that the European Central Bank could pause or end its tightening cycle.
– In contrast, US economic data remains robust, encouraging the Federal Reserve to maintain its hawkish stance.
– Interest rate differentials strongly favor the US Dollar.
**Outlook and Trading Considerations:**
– Downside momentum remains intact as long as EUR/USD stays below 1.0650.
– Short-term traders should watch for a possible bounce from 1.0450 support, but the broader trend favors selling rallies unless a daily close above 1.0750 occurs.
– Key upcoming events: ECB minutes, US Non-Farm Payrolls, and ISM Services PMI.
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### GBP/USD Analysis
**Recent Performance:**
– GBP/USD has been weighed down by mixed UK economic data and persistent US Dollar strength.
– The pair fell below the psychological 1.2100 handle, a multi-month low, before staging a modest rebound.
**Key Technical Levels:**
– Immediate support: 1.2000
– Next support: 1.1800
– Resistance: 1.2250, with further resistance at 1.2420
**Technical Indicators:**
– RSI signals near-oversold conditions, suggesting scope for a corrective rally.
– The pair
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