**Forex Technical Analysis: Major Pairs – August 15, 2025**
_(Original article by Azeez Mustapha, FXDailyReport.com, expanded with additional resources and analysis)_
The foreign exchange market exhibited a mixture of volatility and consolidation as investors balanced global economic data, central bank policy signals, and geopolitical influences. August 15, 2025, presented traders with a complex environment, especially across major currency pairs such as EUR/USD, GBP/USD, USD/JPY, and others. This analysis delves into the technical outlook for these pairs, incorporating perspectives from both FXDailyReport and other reputable market sources.
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## EUR/USD (Euro/US Dollar)
### Technical Overview
– **Consolidation Above Key Support:**
The EUR/USD pair has maintained its stance above the 1.0900 support level. This area has proved resilient after several tests, indicating strong buying interest.
– **Resistance Zones:**
Immediate resistance emerges near 1.0980, with a significant barrier at 1.1070. Sustained breakouts above these could open pathways toward 1.1200.
– **Moving Averages Convergence:**
The 50-period and 200-period moving averages on the daily chart are converging, often a precursor to significant market moves in either direction.
– **RSI Status:**
The Relative Strength Index hovers near the neutral 50 mark, suggesting neither overbought nor oversold conditions.
### Outlook
– **Bullish Scenario:**
– If EUR/USD maintains its foothold above 1.0900 and closes convincingly above 1.0980, buyers could aim for the 1.1070–1.1200 range.
– **Bearish Scenario:**
– Failure to defend 1.0900 may result in a slide towards the next support at 1.0800, and subsequently to 1.0730 if downward momentum intensifies.
### Fundamental Context
– **Mixed Eurozone Data:**
The Euro has seen limited upside due to subdued inflation prints and uneven economic performances across member states.
– **US Dollar Influence:**
Ongoing discussions around the Federal Reserve’s monetary policy, particularly the timing and magnitude of potential rate cuts, continue to drive USD volatility.
– **ECB Policy:**
Markets remain cautious amid ambiguous signals from the European Central Bank regarding its future policy direction.
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## GBP/USD (British Pound/US Dollar)
### Technical Overview
– **Trend Reversal at Key Resistance:**
GBP/USD has retraced after reaching the 1.3100 resistance. The 1.3000 psychological level acts as immediate support.
– **Medium-Term Support:**
If selling pressure continues, the 1.2850–1.2880 zone could serve as a buffer for further losses.
– **Indicators:**
– Moving averages remain bullish-sloped, but recent momentum shows a potential pause.
Read more on AUD/USD trading.