**Weekly Technical Outlook: USD, EUR/USD, USD/CAD, Gold, Stocks & Bitcoin – As of November 10, 2025**
*Adapted and expanded from Matt Weller, FOREX.com*
As we enter the heart of Q4 2025, the financial markets remain driven by the interplay between inflation data, central bank monetary policy shifts, and geopolitical developments. Coming off a volatile week, the US dollar (DXY), key currency pairs, commodities, and major indices demonstrated mixed reactions to these ongoing drivers. Here’s a comprehensive breakdown of this week’s technical outlook for the major forex pairs, gold, equities, and cryptocurrencies, with extended insight and updates from additional market sources.
Let’s dive deeper into the setups and price action that are setting the tone for the current week.
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## US Dollar Index (DXY)
The US Dollar Index (DXY), which tracks the value of the dollar against a basket of six major currencies, continues to consolidate following the Federal Reserve’s ongoing data-dependent approach. Traders and investors are adjusting their expectations around interest rates as inflation data sticks stubbornly close to the Fed’s targets but refuses to ease significantly.
**Technical Outlook:**
– After peaking near 107.00 in early October, the DXY has corrected lower, currently trading around the 105.50-106.00 area.
– The index saw a recent bounce after testing its 100-day moving average, but short-term momentum remains tepid.
– RSI (Relative Strength Index) remains neutral just above 50, suggesting a potential for momentum either way.
– Immediate support lies at 105.00, followed by a stronger zone near 104.50. Resistance remains around 106.50 and 107.00.
**What to Watch:**
– Investors are keeping a close eye on the October US inflation data due this week. An upside surprise could fuel another rally in the dollar as markets price in further Fed tightening.
– On the other hand, softer CPI or PPI numbers may stabilize risk sentiment and weigh on the greenback.
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## EUR/USD
After a prolonged bearish run, the EUR/USD pair managed to recover over recent weeks as the European Central Bank signaled a potential holding pattern on rates and energy prices cooled in the Eurozone.
**Technical Analysis:**
– EUR/USD is consolidating near 1.0700 after failing to break above the key resistance at 1.0750.
– The pair has printed a potential inverse head and shoulders pattern; however, confirmation above 1.0750 is necessary to validate a bullish breakout.
– A daily close above 1.0750 could open the door toward 1.0850 and eventually 1.1000.
– Support rests around 1.0600, aligned with the 50-day moving average. A drop below that would negate the bullish setup and could extend losses toward the October lows near 1.0450.
**Fundamental Factors:**
– Eurozone inflation is easing, leading to expectations that the ECB may have completed its rate hikes.
– Any additional contraction in German industrial output or weak regional GDP revisions could reinvigorate sellers.
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## USD/CAD
The Canadian dollar has remained relatively resilient, supported by improving oil prices and stabilizing domestic economic data. However, the USD/CAD pair is still influenced heavily by broader USD strength and Fed expectations.
**Technical Perspective:**
– USD/CAD has been in a short-term bearish trend since peaking near 1.3900 in mid-October, now trading closer to the 1.3750 zone.
– Technically, the pair is running into dynamic support near the 50-day moving average.
– Momentum indicators such as MACD suggest bearish divergence, indicating potential for a deeper retracement.
**Key Levels:**
– Resistance: 1.3850 and the October high at 1.3900 remain firm resistance zones.
– Support: A break
Read more on USD/CAD trading.