**Forex Technical Analysis: Major Currency Pairs Overview – August 15, 2025**
*Adapted and expanded from original analysis by F.X. editors at FX Daily Report.*
Foreign exchange markets continue to exhibit varied dynamics as the global economy faces shifting monetary policies, evolving geopolitical situations, and mixed economic data from the world’s largest economies. This comprehensive analysis examines the technical outlook of major forex currency pairs as of August 15, 2025, supplementing initial information provided by FX Daily Report with additional insights from leading market resources such as DailyFX and Investing.com.
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## Overview of Forex Market Themes
The forex landscape in August 2025 is characterized by several dominant themes:
– Central banks, particularly the US Federal Reserve and the European Central Bank, continue to drive volatility by maintaining, tapering, or hiking interest rates in response to persistent inflation and shifting growth prospects.
– Safe-haven flows have fluctuated due to global political uncertainty and varied economic recovery patterns.
– Commodity-linked currencies are reacting sharply to swings in energy and raw material prices.
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## EUR/USD
*Euro vs. US Dollar*
### Technical Summary
– The EUR/USD pair has traded within a defined consolidation range, showing signs of indecision among investors as mixed data from both the Eurozone and the US influences sentiment.
– The currency pair recently attempted to break above key resistance but failed to sustain momentum.
### Key Levels
– **Support:** 1.0880, 1.0800
– **Resistance:** 1.1000 (psychological level), 1.1070
### Technical Analysis
– The daily chart displays a symmetrical triangle, signaling potential for a strong directional move if the range is broken.
– The 50-day moving average (MA) has provided dynamic resistance around 1.0980. Failure to close above this level keeps the pair under pressure.
– RSI hovers near the midpoint (50), reflecting the ongoing tug-of-war between bulls and bears.
– If the pair breaks beneath 1.0880, the next target may be the 1.0800 handle, which is a previous swing low.
– Sustained gains above 1.1000 could open up the pathway to 1.1070 and further to 1.1120.
### Broader View
– The Euro remains susceptible to downside risk should US economic data come in stronger than expected, reinforcing the dollar’s appeal.
– Market participants are closely monitoring the ECB’s future policy guidance amid slowing manufacturing output in the Eurozone.
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## GBP/USD
*British Pound vs. US Dollar*
### Technical Summary
– Sterling continues to trade in a wide range as investors gauge the Bank of England’s next move amid persistent core inflation in the United Kingdom.
– The GBP/USD pair is attempting to rebound from multi-week lows.
### Key Levels
– **Support:** 1.2600, 1.2520
– **Resistance:** 1.2770
Read more on AUD/USD trading.