Stock market analytics, financial forecasts

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EUR/USD. Technical Analysis on October 23, 2025

03:04 2025-10-23 UTC--5

Trend Analysis (Fig. 1)On Thursday, the market may continue moving down from the 1.1609 level (the closing price of yesterday's daily candle) toward the target of 1.1556 – a historical support level (blue dotted line). When testing this level, the price may rebound upward toward 1.1576 – the lower fractal (daily candle of October 22, 2025).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

Indicator analysis – downward
Fibonacci levels – downward
Volumes – downward
Candlestick analysis – downward
Trend analysis – downward
Bollinger Bands – downward
Weekly chart – downward

Overall conclusion: downward trend.

Alternative Scenario

On Thursday, the market may continue moving down from the 1.1609 level (the closing price of yesterday's daily candle) toward the 1.1593 level – the 61.8% retracement level (blue dotted line). Upon testing this level, the price may rebound upward toward 1.1609 – a historical resistance level (light blue dotted line).

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Stock market analytics, financial forecasts

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