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EUR/USD. Technical Analysis on October 28, 2025

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Trend Analysis (Fig. 1).On Tuesday, the market, starting from the level of 1.1644 (yesterday's daily candle close), may continue moving upward toward the target of 1.1686 — the 38.2% retracement level (yellow dashed line). Upon testing this level, the price may pull back downward to test the support line at 1.1668 (thick red line).

EUR/USD. Technical Analysis on October 28, 2025 - ExpertFX School

Fig. 1 (Daily Chart).

Comprehensive Analysis:

  • Indicator analysis – upward;
  • Volume – upward;
  • Candlestick analysis – upward;
  • Trend analysis – upward;
  • Bollinger Bands – upward;
  • Weekly chart – upward.

Overall conclusion: Upward trend.

Alternative scenario:From the level of 1.1644 (yesterday's daily candle close), the price may continue moving upward toward 1.1668 — the support line (thick red line). Upon testing this line, the price may pull back downward toward 1.1645 — the upper fractal (red dashed line).

The material has been provided by InstaForex Company - www.instaforex.com
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