ONTRADE Forex

EUR/USD Analysis and Signals: Euro Breaks a Key Support—Will a Breakout Happen Soon? – 07 October 2025

EUR/USD Analysis and Signals: Euro Breaks a Key Support—Will a Breakout Happen Soon? – 07 October 2025
Dear reader, based on recent trades, the EUR/USD pair has formed a short-term descending triangle pattern, characterized by lower highs connected by a falling resistance line and a flat support base around the secondary psychological level of 1.1650. The price is currently testing the triangle’s resistance level, and it may see another decline toward the base. Continued selling pressure could lead to a bearish trend, while an upward breakout could lead to a rise equivalent to the pattern’s height.

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