**Forex Technical Analysis: Major Currency Pairs (October 10, 2025)**
*Adapted and expanded from the original analysis by Reddy at FXDailyReport.com*
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The foreign exchange market continues to present traders and investors with pivotal opportunities and risks as the global financial landscape shifts. On October 10, 2025, the main currency pairs display intriguing technical patterns amid persistent geopolitical tensions, diverging central bank policies, and evolving economic conditions. This comprehensive overview delves into the technical outlook for the major forex pairs, integrating insights from FXDailyReport’s analysis with additional data from recent market commentary and technical analysis sources.
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### 1. **EUR/USD Technical Analysis**
**Recent Price Activity:**
– The euro has been under consistent pressure against the US dollar due to contrasting economic fundamentals between the Eurozone and the United States.
– The pair recently attempted a retracement but failed to establish sustained upward momentum.
**Key Technical Levels:**
– Immediate support: 1.0500 region, a psychological barrier and former breakout zone.
– Resistance area: 1.0650, where previous rallies have stalled, and above that, 1.0775.
– Trendline resistance derived from the June highs available around 1.0750.
**Chart Dynamics:**
– The EUR/USD remains within a well-defined downtrend on the daily timeframe, characterized by lower highs and lower lows.
– The pair attempted a brief rebound after touching multi-month lows, but insufficient momentum and weak Eurozone economic data capped gains.
**Indicators:**
– Relative Strength Index (RSI) hovers around neutral at 47, indicating indecision.
– The 50-day moving average is trending below the 200-day moving average, confirming bearish momentum by a death cross.
**Fundamental Influences:**
– The European Central Bank continues to adopt a cautious approach, while the Federal Reserve maintains restrictive policy due to persistent inflation.
– Ongoing concerns about energy prices and German economic slowdown weigh on the sentiment for the euro.
**Outlook:**
– A sustained move below 1.0500 would increase the probability of further declines toward 1.0350.
– A break above 1.0650 may trigger a corrective rally, with target resistance at 1.0775.
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### 2. **GBP/USD Technical Analysis**
**Recent Price Activity:**
– The British pound has faced considerable depreciation against the US dollar in recent weeks, reflecting uncertainty stemming from lackluster UK economic performance and shifting Bank of England sentiment.
**Key Technical Levels:**
– Support resides at 1.2100, acting as a recent floor.
– Resistance found around 1.2300 and 1.2450.
**Chart Dynamics:**
– The GBP/USD pair failed to sustain an upward move past 1.2300, with subsequent candles showing lower highs.
– A head-and-shoulders pattern is apparent on the 4-hour chart, signaling ongoing bearish
Read more on AUD/USD trading.