FX.co ★ EUR/USD. Technical Analysis on October 7, 2025

Trend Analysis (Fig. 1).

On Tuesday, from the level of 1.1709 (yesterday's daily candle close), the market may continue moving downward toward the target of 1.1655 – the 50% retracement level (blue dotted line). Upon testing this level, the price may possibly rebound upward toward the 14.6% retracement level (red dotted line).

Fig. 1 (Daily Chart).

Comprehensive Analysis:

• Indicator analysis – downward;
• Volumes – downward;
• Candlestick analysis – downward;
• Trend analysis – downward;
• Bollinger Bands – downward;
• Weekly chart – downward.

General conclusion: Downward trend.

Alternative scenario: From the level of 1.1709 (yesterday's daily candle close), the price may continue moving downward toward the target of 1.1645 – the lower fractal (red dotted line). Upon testing this level, the price may possibly rebound upward toward 1.1655 – the 50% retracement level (blue dotted line).