**Forex Technical Analysis: Major Pairs Overview (July 25, 2025)**
*Based on the article by Yohay Elam, FXDailyReport; additional insights provided by recent analyst commentary from DailyFX and Investing.com.*
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The forex market has opened the week with significant activity, as traders assess fresh economic data and policy hints from major global central banks. Below is an in-depth technical analysis for the key major currency pairs as of July 25, 2025. This overview extends the analysis originally provided by Yohay Elam on FXDailyReport, incorporating updated viewpoints from other reputable sources to provide a comprehensive outlook for forex traders and investors.
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**EUR/USD: Technical Outlook and Fundamental Factors**
After facing months of headwinds, the euro remains under pressure against the US dollar. Currently, the pair is consolidating below a critical resistance region, with the market closely monitoring developments from both the European Central Bank (ECB) and the Federal Reserve.
*Technical Analysis:*
– **Resistance:** The main resistance zone is set at 1.0900, where selling interest has capped rallies since May.
– **Support:** Key support is marked near 1.0830, with further downside potential toward 1.0750 if selling accelerates.
– **Trend:** The prevailing trend remains bearish below 1.0900, as repeated failure to break this level suggests persistent weakness.
– **Indicators:** The Relative Strength Index (RSI) hovers below the midline, implying sellers remain in control. Moving averages show a bearish crossover, reinforcing downside risks.
*Fundamental Drivers:*
– **ECB Policy:** Recent ECB statements indicate a higher-for-longer approach to interest rates, but the bank is hinting at a cautious stance amid economic uncertainties in the eurozone.
– **US Data:** Robust US economic data, particularly in labor markets and consumer spending, keeps the dollar supported.
– **Geopolitical Factors:** Ongoing concerns about growth in Germany and France add to downward pressure on the euro.
*Analyst Consensus:*
Most analysts remain cautiously bearish on the EUR/USD pair, with some suggesting a potential move toward the 1.0720 region in the coming sessions if current supports fail.
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**GBP/USD: Sterling Faces Consolidation Amid Mixed UK Data**
The British pound has been trading in a relatively tight range against the US dollar as UK economic reports provide mixed signals. Inflation is moderating, but questions remain regarding growth and the Bank of England’s next steps.
*Technical Analysis:*
– **Resistance:** The currency pair faces resistance at 1.2800, a level not breached since early July.
– **Support:** Important support has formed near 1.2670, which lines up with the 50-day moving average.
– **Trend:** Sideways movement continues to define the GBP/USD, with no clear breakout in either direction.
– **Indicators:** MACD shows a weakening bullish momentum, and the RSI is stable near
Read more on AUD/USD trading.