**Detailed Forex Technical Analysis: Major Pairs Roundup (As of October 10, 2025)**
*Based on the analysis by FXDailyReport.com, supplemented with additional insights from other recent market sources.*
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The forex market exhibited a mixed tone in early October 2025, with major currency pairs responding to evolving macroeconomic indicators, central bank policy outlooks, and geopolitical uncertainties. Traders observed a blend of consolidation patterns, breakout attempts, and key support and resistance battles across the most liquid currency pairs. Below, we break down the technical situation for each major pair as of October 10, highlighting critical levels and potential scenarios for traders in this dynamic environment.
**1. EUR/USD (Euro vs. US Dollar)**
The EUR/USD pair has been caught between dovish European Central Bank messaging and shifting expectations about Federal Reserve policy.
– **Recent Motion**: After a sharp move upward in late September, the pair has struggled to sustain momentum above the psychological 1.0800 barrier.
– **Support Levels**: Immediate support can be found at 1.0710, with further demand near 1.0650 if selling pressure increases.
– **Resistance Levels**: Bulls must overcome resistance at 1.0820, with a further hurdle at 1.0900.
**Technical Indicators**
– The pair is trading above its 50-day simple moving average (SMA) but is finding difficulty advancing further, suggesting potential sideways action.
– The Relative Strength Index (RSI) on the daily chart hovers near 54, implying mild bullishness but not overbought territory.
**Trade Scenarios**
– A confirmed daily candle close above 1.0830 could open a path toward 1.0900 and even 1.1000 if momentum persists.
– Failure to hold above 1.0730 may invite another downward leg toward 1.0650.
**Fundamental Influences**
– Dovish ECB rhetoric contrasts with cautious optimism from the Fed regarding the timing of rate cuts. European inflation reports and US economic data will likely define the pair’s next significant move.
**2. GBP/USD (British Pound vs. US Dollar)**
Sterling has endured volatility stemming from political uncertainty in the UK and ambiguity over Bank of England monetary policy intentions.
– **Current Pattern**: GBP/USD attempted multiple bounces above 1.2300 but lacked the momentum to retest the 1.2500 handle.
– **Support Levels**: Key support sits at 1.2200. If breached, 1.2100 becomes the next focus.
– **Resistance Levels**: The pair is capped by resistance at 1.2445, with an additional ceiling at 1.2500.
**Technical Indicators**
– Daily MACD hovers near the zero line, reflecting indecisiveness.
– RSI sits mid-range at about 50, confirming neutrality.
**Trade Scenarios**
– Sustained break above
Read more on AUD/USD trading.