EUR/USD Daily Market Overview and Indicator Insights on October 22, 2025

[Ben Graham]

Trend analysis (Figure 1).

On Wednesday, starting from the 1.1598 level (yesterday's daily close), the market may begin an upward move toward the 23.6% retracement at 1.1631 (yellow dotted line). Upon testing this level, the price may retreat toward the 61.8% retracement at 1.1593 (blue dotted line).

Figure 1: (Daily chart)

Comprehensive analysis:

• indicator-based analysis – up
• Fibonacci levels – up
• volume analysis – down
• candlestick analysis – down
• trend analysis – up
• Bollinger Bands – up
• weekly chart – up

Conclusion: bullish outlook

Alternative scenario: From the 1.1598 level (previous daily close), the euro/dollar pair may attempt an upward move toward 1.1608, a historical resistance level (light blue dotted line). If tested, the price could face pressure and retreat toward the 61.8% retracement at 1.1593 (blue dotted line).

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