**Forex Technical Analysis: Key Currency Pairs to Watch (November 9–14, 2025)**
*Based on the original article by DailyForex, enhanced and expanded for deeper insights*
The global forex market continues to present a myriad of trading opportunities, driven by shifting macroeconomic indicators, central bank policy expectations, geopolitical events, and technical formations. As we head into the trading week of November 9 to 14, 2025, several major and minor currency pairs are displaying significant momentum cues and technical setups that traders should closely monitor. This analysis builds on the work originally presented by DailyForex and adds further clarity, depth, and essential context using insights from additional credible sources.
Below is a comprehensive breakdown of key currency pairs currently forming important trading signals, along with relevant technical levels, forecasts, and strategic insights.
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## Overview of Key Currency Pair Trends
### EUR/USD – Bearish Bias Remains Under Pressure
The euro has struggled to maintain sustained bullish momentum against the US dollar. During the week ending November 8, the EUR/USD faced consistent resistance near the 1.0750 level, with bears eyeing a drop to the lower support zone around 1.0500. This weakness reflects diverging economic fundamentals—Europe continues to suffer from stagnating data compared to the relative resilience of the US economy.
**Technical Highlights:**
– Current Price Range: 1.0550–1.0700
– Nearest Resistance: 1.0750
– Key Support: 1.0500 and 1.0450
– Moving Averages: The pair trades below its 100-day and 200-day exponential moving averages (EMAs)
– RSI (Relative Strength Index): Hovering around 45 on the daily chart, indicating mild bearish momentum
**Fundamental Drivers:**
– Weaker-than-expected German industrial data
– ECB officials echoing dovish tones, hinting at a longer pause in rate hikes
– USD strength due to strong US labor data and hawkish Fed comments
**Strategy:**
Short positions are favored below the 1.0700 resistance, with targets towards 1.0500. Any break above 1.0750 and daily close above this level would invalidate the bearish trajectory and open a potential move higher toward 1.0825.
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### GBP/USD – Mixed Momentum With Range-Bound Structure
The British pound continues to consolidate within a tight range against the US dollar, as weak UK economic indicators compete with ongoing USD strength. The Bank of England’s more neutral tone from its last policy statement has added to the pair’s lack of clear direction.
**Technical Highlights:**
– Price Range: 1.2130–1.2235
– Resistance: 1.2275 and 1.2330
– Support: 1.2100 and 1.2020
– Daily 50-SMA is showing signs of flattening, reflecting consolidation
– RSI remains neutral near 50
**Fundamental Signals:**
– GDP growth in the UK is cooling off
– Inflation pressures remain persistent, but core CPI has shown some easing
– US inflation data and Fed rate expectations weigh on GBP/USD outlook
**Strategy:**
Trade the range until a breakout occurs. Bullish traders should target entries near support at 1.2100 and sell near 1.2275 resistance. Bearish positions are favored on breakdowns below 1.2100 with targets near 1.2000.
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### USD/JPY – Near-Term Resistance in Focus
The USD/JPY pair continues to trend upwards as monetary policy divergence between the Bank of Japan and the Federal Reserve widens. BOJ maintains ultra-loose policy settings, while the Fed maintains a hawkish stance driven by strong US macro data.
**Technical Setup:**
– Price Level: Trading around 150.20
– Key Resistance: 151.00, psychological barrier and historical
Read more on USD/CAD trading.