## Forex Technical Major Pairs Analysis – October 24, 2025
*Adapted and expanded from the original article by Azeez Mustapha, FXDailyReport.com*
Understanding the trends, momentum shifts, and key levels in major forex pairs is essential for active traders and investors alike. This extended technical analysis takes an in-depth look at the principal forex pairs as of October 24, 2025. It incorporates additional perspectives drawn from current market sentiment, macroeconomic developments, and widely tracked indicators, offering a comprehensive view for the trading week.
—
### Overview of Market Sentiment
– **Global economic landscape:** The ongoing economic shifts influencing forex markets include post-pandemic recovery, fluctuating inflation rates, central bank policy divergence, and emerging geopolitical dynamics. US and eurozone central banks are recalibrating their policy stance, which is driving volatility in major currency pairs.
– **Recent developments:** The recent surge in US treasury yields, cautious optimism over Chinese economic data, and persistent energy price fluctuations are also shaping forex pair movements.
– **Key data releases:** Close attention is being paid to the latest inflation statistics, employment reports, and purchasing managers’ indices (PMIs) for insights into future monetary policy decisions.
—
### EUR/USD: Treading Cautiously as Central Banks Weigh In
As the world’s most traded currency pair, EUR/USD reflects market sentiment on both the US and Eurozone economies. Recent weeks have brought sideways action, with the pair reacting to changing expectations for both the Federal Reserve and the European Central Bank (ECB).
**Technical Snapshot:**
– **Current price action:** EUR/USD is oscillating near the 1.0600 level.
– **Short-term resistance:** 1.0670 and 1.0740 are key resistance zones, with the latter aligning with the 50-day moving average.
– **Support levels:** The pair is finding initial support at 1.0530, followed by a significant barrier near 1.0490, which guarded the lows earlier this month.
– **Trend indicators:** Both Relative Strength Index (RSI) and MACD are neutral, suggesting the absence of a strong trend.
– **Medium-term pattern:** The pair is forming a broad descending channel on the daily chart, with lower highs since July 2025.
**Fundamental factors:**
– **US side:** Firm economic data and hawkish rhetoric from the Fed have underpinned the dollar. The possibility of another rate hike remains live, especially after robust US inflation and job growth numbers.
– **Europe:** The Eurozone faces stubbornly high inflation, but recent PMI readings indicate declining activity, raising the specter of stagflation.
– **ECB outlook:** The ECB has adopted a more cautious stance, hinting at a pause or slowdown in rate hikes to support struggling growth in several member economies.
**Analytical summary:**
– The path for EUR/USD will likely be guided by upcoming US GDP figures and Eurozone consumer
Read more on AUD/USD trading.