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24.10.2025 10:56 AM
EUR/USD. Technical Analysis on October 24, 2025
Trend Analysis (Fig. 1)On Friday, from the 1.1617 level (yesterday's daily candle close), the market may start moving downward toward the target of 1.1576 — the lower fractal (daily candle from October 22, 2025). When testing this level, a corrective upward price movement is possible, targeting 1.1593 — the 61.8% retracement level (blue dashed line).

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Fig. 1 (Daily Chart)

Comprehensive Analysis:

  • Indicator analysis — down
  • Fibonacci levels — down
  • Volume — down
  • Candlestick analysis — down
  • Trend analysis — down
  • Bollinger Bands — down
  • Weekly chart — up

Overall conclusion: Downward trend.

Alternative Scenario:

Today, from the 1.1617 level (yesterday's daily candle close), the price may begin moving downward toward 1.1556 — a historical support level (blue dashed line). When testing this level, a corrective upward price movement is possible, targeting 1.1576 — the lower fractal (daily candle from October 22, 2025).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
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