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29.09.202510:34 Forex Analysis & Reviews: EUR/USD. Technical Analysis for the Week of September 29 – October 4

Trend analysis (Fig. 1).

This week, the market from the level of 1.1699 (close of the last weekly candle) may start moving downward with the target at 1.1536 – the 38.2% pullback level (blue dotted line). When testing this level, the price may retrace upward with the target at 1.1572 – the upper fractal (red dotted line).

Exchange Rates 29.09.2025 analysis

Fig. 1 (weekly chart).

Comprehensive analysis:

  • Indicator analysis – down;
  • Fibonacci levels – down;
  • Volumes – down;
  • Candlestick analysis – down;
  • Trend analysis – down;
  • Bollinger Bands – down;
  • Monthly chart – down.

Conclusion of the comprehensive analysis: downward movement.

Overall outcome of the weekly candle calculation for EUR/USD: during the week, the price will most likely show a downward trend, with the first upper shadow on the weekly black candle (Monday – upward) and the second lower shadow (Friday – upward).

Alternative scenario: the pair from the level of 1.1699 (close of the last weekly candle) may start moving downward with the target at 1.1488 – the historical resistance level (light blue dotted line). When testing this level, the price may then start moving upward with the target at 1.1536 – the 38.2% pullback level (blue dotted line).

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Stefan Doll,
Analytical expert of InstaSpot
© 2007-2025
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