**Forex Technical Analysis: Major Currency Pairs Review for August 15, 2025**
*Credit: Original insights and analysis by FXDailyReport.com*
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Traders in the foreign exchange market continue to face significant volatility amidst shifting global economic conditions and fluctuating central bank policies. The major currency pairs show varied technical patterns, and understanding their current trajectories is important for short- and medium-term strategies.
Below is an in-depth update on the primary Forex pairs, incorporating insights from the original FXDailyReport.com article, as well as additional perspectives to enrich your trading approach.
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## EUR/USD
**Recent Performance and Outlook:**
The EUR/USD pair is at the center of volatility as Eurozone economic sentiment fluctuates and US policymakers maintain a wait-and-see approach on rates. The euro’s earlier rebound stalled, largely halted by persistent US dollar strength and tepid growth forecasts for major EU economies.
**Key Technicals:**
– **Resistance Levels:** 1.0950, 1.1000
– **Support Levels:** 1.0850, 1.0800
– The pair attempted to hold above 1.0900, forming a short-term consolidation between 1.0875 and 1.0960.
– Momentum indicators suggest the euro needs a sustained close above 1.1000 to break the recent downward trend.
**Traders’ Strategies:**
– **Bullish Scenario:** A close above 1.0950 offers room for a rally to 1.1100, especially if the US dollar weakens on dovish Federal Reserve signals or softer inflation data.
– **Bearish Scenario:** Rejection at 1.0950 and a slip below 1.0850 could open a path to 1.0800 or even the 2025 lows near 1.0750.
**Economic Events to Monitor:**
– Eurozone GDP and CPI updates
– Federal Reserve comments and US labor market data
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## GBP/USD
**Recent Performance and Outlook:**
Sterling remains under moderate pressure due to uneven UK economic data and expectations that the Bank of England might pause rate hikes moving forward. The pound is struggling to break above resistance and exhibits a slight bearish bias.
**Key Technicals:**
– **Resistance Levels:** 1.2850, 1.2950
– **Support Levels:** 1.2700, 1.2650
– Recent trading has been capped by the 1.2800 handle. The pair is oscillating between support at 1.2700 and resistance at 1.2850.
**Traders’ Strategies:**
– *Upside potential* might appear if the pair closes above 1.2850, targeting 1.2950 and possibly 1.3000.
– *Downside risk* persists if 1.2700 is breached, putting 1.2650 and even 1.2580 within reach.
Read more on AUD/USD trading.