FX.co ★ EUR/USD. Technical Analysis on November 6, 2025

Trend Analysis (Fig. 1).

On Thursday, the market, from the level of 1.1491 (yesterday's daily candle close), may continue moving upward toward the target of 1.1534 – the 14.6% retracement level (yellow dotted line). When testing this level, the price may pull back downward toward 1.1516 – the 76.4% retracement level (blue dotted line).

Fig. 1 (Daily Chart).

Comprehensive Analysis:

• Indicator analysis – upward;
• Fibonacci levels – upward;
• Volumes – upward;
• Candlestick analysis – upward;
• Trend analysis – upward;
• Bollinger Bands – upward;
• Weekly chart – upward.

Overall conclusion: upward trend.

Alternative scenario: On Thursday, the market, from the level of 1.1491 (yesterday's daily candle close), may start moving upward toward the target of 1.1556 – a historical resistance level (blue dotted line). When testing this level, the price may pull back downward toward 1.1534 – the 14.6% retracement level (yellow dotted line).