Test- FTSE 100 Kicks Off August on a High as BP and Senior Lead Market Momentum
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10 Oct 2025, 13:13
The EUR/USD currency pair is beginning to show signs of exhaustion, with momentum indicators suggesting a potential pullback in the short term. As of now, the pair is trading around $1.1365, having encountered strong resistance near $1.1572—a key level that remains unbroken. Before reaching that upper resistance, EUR/USD also faces selling pressure near $1.1473, making it a crucial zone to watch. A failure to break above these resistance levels could trigger a wave of short-term profit-taking or renewed bearish sentiment. Key Resistance and Support Levels to Watch Immediate Resistance: $1.1473 Major Resistance: $1.1572 (recent high) Support Zone: $1.1263 – $1.1309 Trendline Support (similar to March pullback): Around $1.1200 Only a confirmed breakout above the $1.1572 high would suggest a continuation of the uptrend in the near term. Otherwise, the setup appears vulnerable to a possible retracement, similar to the one observed in March.