09-10-2025, 12:35 PM
EUR/USD Analysis as of 10/09/2025.
As indicated in the previous analysis of the EUR/USD pair on 28/08/2025, the key level of 1.15800 was considered a barrier to further price decline, while potential for an ascent to the 1.17300 resistance level was noted—a scenario which ultimately materialised.
For the immediate future, two primary scenarios exist. In the bullish case, assuming the key level of 1.17000 holds as support, buyers will likely attempt another ascent to reach the resistance levels of 1.17300 and, in a more aggressive move, up to 1.17700.
Conversely, in the bearish scenario, should the price break and consolidate below the key level of 1.17000, bearish sentiment will intensify. This would create the potential for the price to fall to the support levels of 1.16300 and, in the event of a more significant decline, down to 1.15800.
As indicated in the previous analysis of the EUR/USD pair on 28/08/2025, the key level of 1.15800 was considered a barrier to further price decline, while potential for an ascent to the 1.17300 resistance level was noted—a scenario which ultimately materialised.
Currently, the predominant trend on long-term timeframes, such as the monthly and weekly charts, remains bullish. However, the continuation of this trend is contingent upon overcoming the 1.17700 resistance level. Should this price breakout fail to occur, the EUR/USD will have the potential to initiate a correction.
This outlook is supported by recent price action, as over the past four weeks, the pair has not exhibited significant volatility, and trader activity has been limited and range-bound. This condition has led to the formation of Spinning Top and Hanging Man candlestick patterns on the weekly timeframe, suggesting indecision in the market.
On shorter timeframes like the daily chart, a notable event occurred on the 8th of the month when buyer activity led to a breakout from the one-month trading range. While this was the first signal of the price exiting its consolidation, the breakout was not sustained, and the price has since retraced slightly.For the immediate future, two primary scenarios exist. In the bullish case, assuming the key level of 1.17000 holds as support, buyers will likely attempt another ascent to reach the resistance levels of 1.17300 and, in a more aggressive move, up to 1.17700.
Conversely, in the bearish scenario, should the price break and consolidate below the key level of 1.17000, bearish sentiment will intensify. This would create the potential for the price to fall to the support levels of 1.16300 and, in the event of a more significant decline, down to 1.15800.