EUR/USD Analysis for October 29, 2025

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EUR/USD Analysis for October 29, 2025

 

The EUR/USD chart has generally been in a bearish cycle over the past few weeks, during which sellers have successfully registered a low of 1.15408 thus far.
 

On long-term timeframes, such as the monthly and weekly, the overall trend is still interpreted as bullish; however, it has currently stalled from further ascent due to reaching significant resistance levels and being in a relatively overbought condition.
 

The first signal for a resumption of the bullish cycle would be a break of the 1.18200 resistance level, followed by a break above the major descending trendline (formed by two resistance points and visible on the monthly timeframe).
 

Currently, from a fundamental perspective, the growth of domestic US industries, particularly technology companies like NVIDIA—a leading AI company—is seen as a positive sign. This could attract global investor attention to attractive US assets. These factors, combined with expectations of high US interest rates, are collectively strengthening the US Dollar.
 

On shorter timeframes, such as the daily, the price has failed to advance further after reaching another descending trendline (formed by two resistance points) and has so far been unable to break the peak set on the 17th.
 

If this descending trendline holds, the price could decline further toward the 1.15730 support level.
 
In the opposing bullish scenario, the first signal for an ascent would be a break of the current descending trendline. In this event, aggressive buyers will aim to target the 1.17200 resistance level and, in a more extended move, 1.18200.
 

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