EUR/USD Forex Signal: Euro Rebound to Lose Steam Soon – 10 November 2025

Bearish view

-- Sell the EUR/USD pair and set a take-profit at 1.1260.
-- Add a stop-loss at 1.1650.
-- Timeline: 1-2 days.
Bullish view

-- Buy the EUR/USD pair and set a take-profit at 1.1650.
-- Add a stop-loss at 1.1260.
The EUR/USD exchange rate pared back some of the losses experienced earlier this month as traders focused on the next actions by the Federal Reserve and the European Central Bank (ECB). It rose to a high of 1.1566, up slightly from this month’s low of 1.1470.

Federal Reserve and ECB Next Moves

The EUR/USD pair remained on edge as investors focused on the next actions by the Federal Reserve. In its most recent report, the bank decided to cut interest rates by 0.25%, bringing them between 3.75% and 4%.

Fed officials have expressed mixed opinions on the next actions. Some Fed members have remained concerned about inflation, which they believe is significantly above the 2% target.

In a recent statement, Austan Goolsbee has warned that the rate has remained above the 2% target in over four years and cautioned against more cuts.

Others, like Stephen Moran, on the other hand, have hinted that the labor market was still weak and that more cuts were necessary. Moran was the only official to vote for a 50 basis point cut in the last two meetings.

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The EUR/USD pair reacted to some key labor data from the United States. A report by ADP showed that the economy added 42,000 jobs in October, a big improvement from the 32,000 it lost in the previous month.

Another private sector report showed that the economy suffered the biggest layoffs in years. Some top companies like Amazon, UPS, and Target have all announced huge layoffs in the past few weeks.

Meanwhile, a separate report from Germany showed that the German economy was doing well, with exports rebounding at a faster pace than expected. These numbers mean that the ECB will likely maintain interest rates unchanged for a while.

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EUR/USD Technical Analysis

The daily chart shows that the EUR/USD exchange rate has come under pressure in the past few weeks. It has moved from a high of 1.1915 in September to a low of 1.1470 last week.

The pair then rebounded to a high of 1.1567, a few points above the 23.6% Fibonacci Retracement level. It remains below the 50-day Exponential Moving Average (EMA).

Also, there are signs that the ongoing recovery is not all that strong as the True Strength Index (TSI) has continued falling. Therefore, the most likely scenario is where it resumes the downtrend and moves to the 38.2% Fibonacci Retracement level at 1.1262.

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Original Source DailyForex.com provides daily fundamental and technical analysis and signals for those looking to trade based on trends in the currency markets.