EURUSD Analysis 31-Octorber-2025

The pair is seeing a slight bounce but remains under intense pressure as it awaits the critical Eurozone Flash CPI data at 13:00. After the ECB held rates steady yesterday, this inflation print, with a forecast of 2.1% versus a previous 2.2%, is the next major catalyst. The market will then immediately shift focus to the US Core PCE data. A weak Eurozone CPI followed by a strong US PCE could reinforce policy divergence and send the pair sharply lower.