**Forex Technical Analysis for Major Currency Pairs: October 24, 2025**
*Adapted from the original analysis by Azeez Mustapha at FXDailyReport.com*
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The global foreign exchange market continues to be shaped by evolving economic indicators, central bank policy expectations, and geopolitical events. As of October 24, 2025, traders and investors remain alert to technical signals across major currency pairs, searching for opportunities amid fluctuating volatility. This expanded analysis takes a close look at the key majors, summarizing their technical outlook and supplementing with fresh insights from additional reputable market commentaries.
### EUR/USD Technical Analysis
**Overview:**
The EUR/USD pair’s direction is being influenced by mixed economic data from both the eurozone and the United States. Recent communication from the European Central Bank has leaned dovish, while the Federal Reserve’s rate path has also come under scrutiny.
**Technical Perspectives:**
– The pair has contended with resistance around the 1.0750 region, struggling to maintain momentum above the 1.0800 psychological level.
– Key support remains observable near the 1.0600 threshold, which has repeatedly attracted buyers in recent sessions.
– The 50-day moving average is trending below the current price action, suggesting emerging bullish sentiment in the short term, though longer-term charts retain a bearish undertone.
**Key Levels to Watch:**
– Resistance: 1.0800, 1.0870, and 1.0950
– Support: 1.0675, 1.0600, and 1.0520
**Technical Indicators:**
– RSI is just above midpoint at 52, indicating the absence of strong directional bias.
– MACD histogram is in positive territory but lacks robust upward momentum.
**Trading Strategy:**
– Wait for a confirmed break above 1.0800 for a potential bullish push toward 1.0870 and 1.0950.
– Alternatively, a decisive drop below 1.0675 may open room for further downside toward 1.0600.
– Short-term traders can look for range-bound opportunities between 1.0675 and 1.0800 unless clear breakouts occur.
**Fundamental Context:**
– The eurozone continues to struggle with sluggish growth and persistent inflationary pressures, compelling the ECB to keep policy accommodation intact.
– The US dollar index’s performance is partly tied to treasury yields and market expectations for the next Federal Reserve moves, as recent unemployment data has cast some uncertainty over future tightening.
### GBP/USD Technical Analysis
**Overview:**
The British pound remains sensitive to data releases and Bank of England commentary. With recent inflation prints exceeding expectations, sterling volatility is elevated.
**Technical Perspectives:**
– GBP/USD is testing the upper region of a broad consolidation channel, with resistance firmly established at 1.2320.
– The 200-day moving average offers dynamic resistance, sitting atop the recent price range.
Read more on AUD/USD trading.