Created on October 23, 2025

EUR/USD Analysis Summary Today

• Overall Trend: Bearish
• Support Levels for EUR/USD Today: 1.1570 – 1.1500 – 1.1430.
• Resistance Levels for EUR/USD Today: 1.1660 – 1.1740 – 1.1810.

EUR/USD Trading Signals:

• Buy the EURUSD from the support level of 1.1520, target 1.1800, and stop 1.1460.
• Sell the EURUSD from the resistance level of 1.1730, target 1.1600, and stop 1.1800.

Technical Analysis of EUR/USD Today:

As anticipated, the bearish bias for EUR/USD has strengthened, moving towards and below the 1.1600 support level. During yesterday’s trading session, the most famous currency pair in the Forex market saw losses extend to the 1.1576 support level, near its lowest point in a week, before stabilizing around the 1.1610 level at the time of writing this analysis. Overall, the EUR/USD bias may remain bearish as traders now look to US inflation data for clues on whether the Federal Reserve will implement another interest rate cut next week.

The consolidation of the 14-day Relative Strength Index (RSI) around a reading of 43, below the neutral line, confirms the bearish shift for the EUR/USD pair across reliable trading platforms. Despite the losses, the pair still has more room for stronger declines before reaching oversold territory. This could happen if the bears succeed in pushing towards the support levels of 1.1540, 1.1470, and 1.1400, respectively.

As we mentioned before, the EUR/USD pair’s upward trend, based on the daily chart, will continue to be contingent on a move towards the 1.1800 resistance level again.

Trading Tips:

Wait for the reaction to the US inflation figures to anticipate the most appropriate EUR/USD trades, whether to buy or sell.

EUR/USD Forecasts for the Coming Days

According to Forex market trading, the EUR/USD exchange rate failed to breach the 1.1700 area at the start of this week’s trading and quickly inclined to move towards and below the 1.1600 support as the US Dollar achieved net gains in currency markets. Although the 10-year US Treasury yield remained below 4.00%, the US Dollar still managed to post net gains while the Yen recorded sharp losses.

Regarding the future of currency prices, UoB Bank does not expect a breakout; while a calmer fundamental tone suggests a potential drop in the Euro price today, any decline is likely to be part of a lower range between 1.1625 and 1.1660. However, according to ING Bank, there is room for further short-term decline; “EUR/USD remains almost entirely driven by US credit/equity sentiment. Accordingly, further stability could lead to EUR/USD trading reaching the 1.160 support. Levels below that will be difficult to justify unless Friday’s US CPI comes in higher than expected.”

Overall, US interest rate expectations will be a key market influencer.

At this stage, traders are pricing in a near-100% chance of a US rate cut at next week’s meeting, and the Federal Reserve has not expressed any objection. In this regard, Rabobank commented, “The FOMC remains likely to make another cut in October, even if the committee’s vision is limited. In the absence of convincing evidence to go beyond October or to make a larger cut in October, the FOMC is operating automatically.”

Generally, financial markets also estimate a probability exceeding 95% for an additional 25 basis point US interest rate cut in December. Before that, with the government shutdown, US markets continue to operate with a scarcity of data, which increases the risk of misjudging subsequent meetings.

Ready to trade our EUR/USD daily forecast? Here’s a list of some of the top forex brokers in Europe to check out.

Created on October 23, 2025

• The euro dropped initially during the trading session on Wednesday, struggling to maintain its strength against the Japanese yen.
• However, we have turned around to show signs of life, and the way that the market has turned around to show signs of strength suggests that the overall uptrend is likely to continue to be the way forward.
• It’s also worth noting that the ¥175.50 level is an area that has been important previously.

Technical Analysis

The technical analysis for this market is obviously very bullish overall, as we had gapped to the upside after the Japanese election. With that being said, the market has pulled back to test the top of the gap, and now it looks like we are trying to turn things around and start to look like we are going to go to the ¥178 level. The ¥178 level is an area that offered resistance previously, so I think you have a situation where we are going to continue to see a lot of noise overall, and ultimately, I think this volatility probably has people looking at this through the prism of a “buy on the dips” market.

It’s not necessarily that like the euro itself, it’s just that the Japanese yen has so many issues with it at the moment that it makes sense that this pair will move right along with the other JPY-denominated markets. Ultimately, I do think we are higher, not only in this pair, but all of the other JPY-denominated pairs. All things being equal, I also would watch the 50 Day EMA near the ¥174 level, which is rising and offering itself as a bit of an uptrend line. Typically, this is a market that continues to see a lot of noisy behavior, but I also think all things being equal, the Japanese yen weakness will be the main driver here, although there is a bit of a positive swap in this pair if you are long.

Begin trading our daily forecasts and analysis. Here is a list of Forex brokers in Japan to work with.

Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

Created on October 23, 2025

The U.S. dollar remains steady against the yen on Wednesday, holding above ¥150 support. Analysts expect continued upside toward ¥153–¥155, citing strong rate differentials and Bank of Japan policy, with dips viewed as long-term buying opportunities.

• The U.S. dollar has been a little bit noisy during the trading session here on Wednesday, but really not a lot has changed if you look at it through that prism.
• All things being equal, I think you’ve got a situation where traders are looking at this through the prism of a market that does pay you to hang on to the trade to the upside.

The ¥150 level has shown itself to be important multiple times, with the ¥150 level being resistance previously and then offering support when we fell on Friday to turn around and form a hammer. All things being equal, if the market were to break above the ¥152 level, then it’s possible that we could go looking to the ¥153.25 level.

Interest Rate Differential and Swap Pays

Over the longer term, I do anticipate that the ¥155 level will be targeted, possibly even higher than that. The 50-day EMA currently sits right around the ¥149 level and is rising, and should end up being a nice buying opportunity. Ultimately, this is a market where I think the interest rate differential continues to pay.

Therefore, you have to look at this as a market that is trying to go much higher over the longer term. Eventually, I think each dip gets bought into, and with the Bank of Japan in a situation where they are probably going to have to stay pretty loose, I think you’ve got a situation where we just cannot go in any other direction. For what it’s worth, the U.S. dollar is strengthening against most currencies, so I like this as a buy-on-the-dip scenario.

Want to trade our USD/JPY forex analysis and predictions? Here’s a list of forex brokers in Japan to check out.

Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.