**Forex Technical Analysis: Major Pairs Overview for August 15, 2025**
*(Based on the original article by Senad Karaahmetovic, FXDailyReport.com, with added insights for enhanced depth and context)*
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This comprehensive forex technical analysis provides a detailed review of the key major forex pairs for August 15, 2025. Following the recent market developments, we present an in-depth examination of the trends, likely scenarios, and crucial zones for trading decisions. The information is synthesized from Senad Karaahmetovic’s analysis at FXDailyReport.com and further enriched with supplemental data and contextual insights from reputable market expert sources.
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### EUR/USD Technical Analysis
EUR/USD showed notable movement following substantial economic data from both the eurozone and the US. The pair’s response to recent inflation figures, central bank policy comments, and risk sentiment shifts remain at the forefront of traders’ attention.
– **Trend Overview:**
– The euro maintains a sideways bias in the short term, oscillating between major support and resistance levels without establishing a clear direction.
– Price action has been highly responsive to news flow, particularly data affecting central bank rate expectations.
– **Key Technical Levels:**
– **Resistance:** 1.1000, a psychological level, has capped upside attempts repeatedly, coinciding with the 200-day moving average.
– **Support:** 1.0850, as well as 1.0780 (mid-July lows), have provided crucial inflection points for bulls to defend.
– **Indicators and Chart Patterns:**
– The Relative Strength Index (RSI) hovers around neutral territory, suggesting neither overbought nor oversold conditions.
– The MACD remains flat, indicating limited momentum.
– **Trading Outlook:**
– Prospects for an upside breakout hinge on EUR/USD closing decisively above 1.1000 on the daily chart, potentially targeting 1.1100 as the next resistance.
– A failure to maintain above the early August pivot could open the door for declines, with attention on 1.0780 and then the 1.0700 round figure.
– **Fundamental Catalysts:**
– Persistent inflation in the eurozone and mixed US economic data continue to provide volatility.
– ECB and Fed commentary are closely monitored for any deviations in monetary policy stance.
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### GBP/USD Technical Analysis
Sterling’s performance has been dynamic as the market digests the latest Bank of England communications and domestic economic challenges. The pair has exhibited notable swings driven by rate speculation and risk trends.
– **Trend Overview:**
– After testing higher levels above 1.2900, GBP/USD found supply, retreating back towards its range support.
– Volatility remains elevated around major UK data releases and BoE speeches.
– **Key Technical Levels:**
– **Resistance:** 1.2900 aligns with a multi-week trendline and the top
Read more on AUD/USD trading.