FPG EURUSD Market Report November 4, 2025

The EUR/USD pair on the daily timeframe continues its downward movement, extending its bearish trend after failing to hold above the 1.1600 zone. It is currently trading around 1.1506, nearing the lower boundary of its recent range. Price action remains under pressure below the Ichimoku cloud, signaling persistent bearish sentiment. Recent rebound attempts near 1.1650 were short-lived as sellers regained control, keeping the pair below the 23.6% Fibonacci retracement of the previous swing.

From a technical perspective, the daily indicators continue to signal persistent bearish pressure. The Parabolic SAR still plots dots above the candles, confirming the downside bias, while the Stochastic Oscillator lingers near oversold territory, hinting at potential exhaustion but without a confirmed reversal. The Bulls Power indicator stays negative, reinforcing the prevailing selling momentum. Meanwhile, the price remains below both the Tenkan-sen and Kijun-sen lines, which slope downward and maintain a bearish configuration.

Overall, the outlook remains in favor of sellers unless the pair can close decisively above 1.1575, which may indicate a short-term shift in momentum. The next downside target lies near the 1.1390 support area, while resistance holds around 1.1600–1.1660. Traders are advised to closely watch price movements during todays key economic events, as elevated volatility could trigger sharp reversals or extend the current momentum. Market participants will be monitoring whether the pair can sustain stability above its current base or continue sliding toward deeper support levels in the sessions ahead.

Market Observation & Strategy Advice

1. Current Position: The pair is trading around 1.1506, staying below major moving average and beneath the Ichimoku cloud, signaling that bearish control remains dominant on the daily chart.

2. Resistance Zone: 1.1575 – 1.1660, where previous rebounds failed and sellers tend to re-enter. A break above this zone would be the first sign of momentum recovery.

3. Support Zone: 1.1390 – 1.1200, representing the next major support areas that could attract profit-taking or short-term buying interest.

4. Indicators: Parabolic SAR and Ichimoku alignment remain bearish; Bulls Power stays negative; Stochastic near oversold levels hints at potential technical bounce, but confirmation is still lacking.

5. Trading Strategy Suggestions:

• Sell on rallies: Consider short positions near 1.1575–1.1600 with targets toward 1.1390.

• Wait for breakout: A clear close below 1.1500 may open room toward 1.1390–1.1200.

• Buy cautiously: Only consider long entries above 1.1660 with confirmation of bullish momentum recovery.

Market Performance:

Forex Last Price % Change

USD/JPY 154.34 +0.08%

GBP/USD 1.3122 −0.12%

Today's Key Economic Calendar:

US: Fed Daly Speech

CA: BoC Macklem Speech

US: Fed Cook Speech

AU: RBA Interest Rate Decision

EU: ECB President Lagarde Speech

US: Fed Bowman Speech

US: Balance of Trade

US: JOLTs Job Openings

Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.