**Forex Technical Analysis: Major Currency Pairs Update for October 10, 2025**
*Based on original analysis by Agus Sartono, FXDailyReport.com, with additional research and insights.*
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### Introduction
The global currency markets continue to display dynamic movement as economic data releases, geopolitical tensions, and central bank policies shape trading decisions. Technical analysis remains a crucial tool for forex traders looking to identify key levels and anticipate potential price action. This comprehensive report examines the major currency pairs—EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, and USD/CHF—providing insights into possible support and resistance zones, recent trends, and actionable trade setups. It also incorporates a broader context of macroeconomic drivers as of October 2025.
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## EUR/USD: Attempting to Breakout Amid ECB Caution
**Current Setup:**
EUR/USD has been consolidating within a narrowing range following its recent unsuccessful attempts to breach the 1.0900 barrier. Mixed Eurozone data and the European Central Bank’s continued reluctance to provide clear forward guidance have kept the pair in check.
**Key Observations:**
– **Daily chart structure shows:**
– Repeated tests of 1.0900 resistance
– Higher lows forming since mid-September
– Critical support at 1.0760
– **Momentum indicators:**
– RSI remains neutral but above 50, suggesting fading bearish momentum
– MACD histogram slightly positive
– **Fundamental context:**
– The ECB is maintaining a cautious stance in light of persistent, though moderating, inflation
– Eurozone PMIs suggest uneven recovery
– US labor market data remains robust, limiting sustained EUR strength
**Trade Considerations:**
– **Long Position:**
– Enter on sustained break above 1.0920
– Target resistances: 1.1000, 1.1075
– Place stop loss below 1.0850
– **Short Position:**
– Consider entry on confirmed rejection from 1.0900 with bearish candle formation
– Initial target: 1.0760
– Secondary target: 1.0650 (if bullish momentum fades considerably)
**Additional Insight:**
According to analysts at ING, further upside impetus might require either a dovish shift from the Federal Reserve or a meaningful uptick in Eurozone economic sentiment.
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## GBP/USD: Struggling Below Key Levels as UK Growth Slows
**Current Setup:**
The British pound has been weighed down by disappointing UK GDP figures and ongoing uncertainty regarding future rate hikes by the Bank of England.
**Key Observations:**
– **Recent price action:**
– Persistent trading below 1.2600
– Sellers defending 1.2530-1.2550 supply zone
– Support at 1.2430 remains crucial
– **Technical signals
Read more on AUD/USD trading.