**Forex Technical Major Pairs Analysis: October 31, 2025**
*Adapted from an article by M Riska at FXDailyReport.com*
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The foreign exchange market continues to be one of the most dynamic and unpredictable spaces for both investors and traders. As the end of October 2025 approaches, key currency pairs present new opportunities and risks. Looking at major pairs like EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD from a technical perspective offers vital insight for informed trading decisions.
In this analysis, we break down the recent price action, significant technical levels, and potential trends heading into November. The analysis draws from the original work by M Riska at FXDailyReport.com.
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### **EUR/USD: Bulls Eyeing Higher Ground Despite Obstacles**
The EUR/USD pair has experienced a recovery after a prolonged period of downturn. As October ends, the pair attempts to break out from the consolidation zone formed over the previous weeks.
**Key Observations:**
– **Strong Support and Resistance:**
The pair found support near the 1.0500 level, a psychological threshold tested multiple times during October. The upper resistance remains at 1.0700, with intermittent hurdles around 1.0630.
– **Trend Indicators:**
Technical analysis shows that the EUR/USD pair is currently trading above its 50-period moving average on the daily chart, a positive sign for the bulls. However, the 200-period moving average hovers closely as resistance, capping aggressive upward moves.
– **Bollinger Band Activity:**
Bollinger Bands are beginning to widen, which could signify an increase in volatility heading into November.
– **Momentum Oscillator:**
The Relative Strength Index (RSI) is approaching the neutral 50 level. Should it break above 60, the bullish momentum may strengthen.
**Potential Scenarios:**
– **Bullish Scenario:**
If price sustains above 1.0630, an attempt toward 1.0700 and possibly 1.0800 is likely.
– **Bearish Scenario:**
A slide below 1.0500 increases the risk of a revisit to annual lows near 1.0400.
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### **GBP/USD: Sideways Churn as Market Awaits Direction**
Sterling’s journey against the greenback remains largely range-bound as October closes. Persistent economic uncertainty in the United Kingdom has contributed to choppy trading activity.
**Key Observations:**
– **Support and Resistance:**
GBP/USD oscillates between a floor at 1.2070 and resistance at 1.2300. A minor support sits at 1.2170.
– **Moving Averages:**
The pair is trading in the middle section between its 100- and 200-period moving averages on the four-hour chart, indicating a balanced tug of war between buyers and sellers.
– **MACD Signal:**
The Moving Average Convergence Divergence (MACD) indicator projects a neutral slice, suitably describing the pair’s consolidative behavior.
**Potential Scenarios:**
– **Breakout Signal:**
A close above 1.2300 could fuel further gains toward 1.2450.
– **Downside Risk:**
Failure to defend 1.2070 may expose the pair to losses down to 1.1950 or lower.
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### **AUD/USD: Mixed Signals Amid Shifting Risk Sentiment**
The Australian dollar’s performance is often swayed by global risk appetite, commodity cycles, and growth prospects in China. For the final week of October 2025, AUD/USD finds little consensus as to its immediate direction.
**Key Observations:**
– **Chart Structure:**
On the daily chart, the AUD/USD trades within a recently established ascending channel, with channel support at 0.6270 and resistance near 0.6430.
– **Moving
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