EUR/USD Intraday Analysis – October 1, 2025Euro/US DollarFX:EURUSDHenrybillionTechnical Overview: EUR/USD is showing signs of a short-term bullish momentum after forming a corrective base near 1.1720. The price recently created a local high (point A) and is now undergoing a minor pullback (point B), suggesting a potential continuation toward the 1.1820 resistance zone (point C). Key Levels: Support: 1.1740 (short-term EMA support and minor consolidation zone), 1.1720 (stronger intraday demand) Resistance: 1.1820 (previous swing high, potential target for wave C) Price Action & Pattern Analysis: The chart indicates a possible ABC bullish wave forming on the hourly timeframe. Point A marks the recent high in the upward push. A minor retracement to point B could offer a low-risk entry for buyers targeting point C. Trendlines confirm the continuation of the upward trend, aligning with EMA support zones. Trading Strategy: Long Scenario: Enter near 1.1740 – 1.1750 on pullback (B) Target: 1.1820 (C) Stop-loss: Below 1.1720 Short Scenario: Consider only if price breaks below 1.1720 decisively Target: 1.1700 – 1.1680 (next support area) Technical Indicators: EMA: Aligns with pullback support, confirming short-term trend RSI: Monitor for overbought signals near resistance at 1.1820 Fibonacci: Retracement from recent swing low supports 1.1740–1.1750 as a key entry zone Summary: EUR/USD shows a bullish continuation setup with a clear ABC pattern. Watch the pullback near point B for potential long entries targeting 1.1820. A break below 1.1720 could invalidate the bullish scenario.