**Forex Technical Forecast: Key Currency Pairs to Watch (November 9–14, 2025)**
*Based on the original article by DailyForex and supplemented with external analysis and market data.*
The foreign exchange market is seeing heightened activity as various macroeconomic drivers influence major currency pairs. Between November 9 and November 14, 2025, traders will be closely monitoring market sentiment, key technical indicators, and economic data releases impacting pair movements. Amid ongoing geopolitical developments and central bank policies, several FX pairs are offering noteworthy trading opportunities.
This article delves into the technical outlook and possible scenarios for the most prominent currency pairs over the upcoming week, including EUR/USD, GBP/USD, USD/JPY, Gold (XAU/USD), and AUD/USD. Analysis draws from daily and weekly chart patterns, along with support and resistance levels, trend line structures, moving averages, and historical data for a more comprehensive perspective.
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## EUR/USD Outlook: Looking for Breakout Cues
The euro has remained confined to a narrow range against the U.S. dollar recently, driven largely by central bank rhetoric and soft economic data from the Eurozone. The EUR/USD pair has spent the past week consolidating between 1.0600 and 1.0750, as the euro struggles to find directional conviction.
**Key Technical Insights:**
– The current structure on the daily chart highlights a descending channel that has been forming since early September. Price action continues to respect both the upper and lower boundaries of the channel.
– RSI remains neutral around the 50 midpoint, offering no clear momentum bias, though the pair is testing moving average resistance levels.
**Resistance Levels to Watch:**
– 1.0750 (key psychological level)
– 1.0785 (50-day EMA and trendline resistance)
– 1.0850 (September high)
**Support Levels:**
– 1.0600 (channel support)
– 1.0530 (next horizontal support)
– 1.0450 (yearly low)
**Fundamental Factors:**
– Traders are awaiting directional cues ahead of key inflation data from Germany and the U.S. If German CPI comes hotter than expected, it could temporarily support EUR.
– Comments from ECB policymakers have largely reinforced a data-dependent stance, which could limit euro upside if economic indicators remain subdued.
**Trade Strategy:**
– Bulls will look for a break above 1.0785 to either enter long positions or add to existing ones.
– Bears continue to monitor price action near the 1.0600 level; a decisive break below could trigger a move toward 1.0450.
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## GBP/USD Outlook: Struggling to Hold Ground
Sterling continues to tread water following a volatile October, with GBP/USD currently trading just above the 1.2200 mark. Negative revisions to UK GDP expectations and rising deficit concerns have marginally weakened the pound’s mid-term outlook.
**Technical Overview:**
– The pair has formed a head-and-shoulders pattern on the four-hour chart, indicating potential for downside continuation.
– Momentum indicators such as MACD are skewing bearish, while RSI is hovering near 40, reflective of pressured sentiment.
**Resistance Levels:**
– 1.2350 (neckline resistance)
– 1.2430 (October high)
– 1.2520 (200-day SMA)
**Support Levels:**
– 1.2200 (psychological support)
– 1.2105 (key weekly support)
– 1.2010 (August low)
**Macroeconomic Context:**
– UK GDP growth is expected to stall in Q4, which adds pressure on the Bank of England to maintain an accommodative stance.
– US Dollar strength, fueled by persistent inflation and a hawkish Fed outlook, continues to cap sterling recoveries.
**Trading Approach:**
– A break below 1.2100 places the 1.2000 region in focus
Read more on USD/CAD trading.