Original article credit: DailyForex.com
EUR/USD Forex Signal – 10 September 2025
Authored by: DailyForex
The EUR/USD currency pair displayed cautious movement in the early sessions of September 10, 2025, trading within a relatively confined range as traders braced for potential macroeconomic shifts and catalyzing data releases. The euro showed signs of hesitation near key support zones, with market participants closely monitoring both technical indicators and fundamental drivers. The interplay between US dollar strength and euro stability remains a defining characteristic of the recent price action.
Summary of Recent Price Action:
– The EUR/USD pair has been fluctuating primarily between the 1.0680 and 1.0730 levels.
– Price action suggests resistance at higher levels remains firm while downside buying interest is being seen above the recent lows.
– Lack of momentum in either direction prompted traders to rely more on short-term signals from technical indicators.
As the market awaits fresh directional cues, especially from the upcoming US economic data and ECB commentary, positions are being adjusted conservatively. The risk sentiment, alongside expectations for Federal Reserve interest rate path, is a core influencing factor behind the EUR/USD pair’s behavior this week.
Technical Analysis Review:
Major levels and indicators were analyzed in this session’s EUR/USD technical forecast. Traders utilized price-action-based strategies along with commonly referenced technical tools such as trendlines, moving averages, Fibonacci retracement zones, and candlestick patterns to understand the pair’s short-term outlook.
Support and Resistance Levels:
– Immediate Support: 1.0680
– Next Support: 1.0650
– Critical Support Zone: 1.0600 to 1.0620
– Immediate Resistance: 1.0730
– Key Resistance: 1.0750
– Major Resistance Area: 1.0785 to 1.0800
These levels form boundaries for intraday scalping or short-term swing trading strategies. A decisive break above the 1.0750 level may open the door for a potential test of the more robust psychological region near 1.0800. On the downside, a breach below 1.0650 could attract bears keen on targeting the levels seen at the end of August.
Candlestick and Trendline Observations:
– Recent price candles show indecision, with multiple doji patterns appearing on the 4-hour chart, especially near the 1.0710 zone.
– Trendline resistance from the early September highs remains intact and is creating a ceiling for euro bulls.
– A descending triangle is starting to form on the hourly chart, pointing to weakening bullish pressure. However, consolidation does not yet confirm bearish momentum unless 1.0650 is convincingly broken.
Moving Averages:
– 50-period EMA on the 4-hour chart: 1.0718 (acting as dynamic resistance)
– 200-period EMA on the hourly chart: 1.0690 (providing minor support)
If the price sustains above the 50 EMA, it may indicate a short-term bullish sentiment, but failure to break through convincingly suggests continued range-bound action.
Relative Strength Index (RSI):
– RSI on the 1-hour chart: 48 (neutral)
– RSI on the 4-hour chart: 44 (indicating slight downside bias)
Neither timeframe shows strong overbought or oversold conditions, supporting the case that traders are waiting for a catalyst before committing to stronger moves.
Fibonacci Retracement Analysis:
– Using the swing high of 1.0785 and swing low of 1.0650:
– 38.2% retracement level lies at 1.0702
– 50% retracement level at 1.0718
– 61.8% at 1.0734
Price recently hovered around the 38.2% to 50% zone, suggesting that a rejection here may reinforce this as a local top unless bulls
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