**Forex Technical Major Pairs Analysis – October 24, 2025**
*Based on analysis originally by Yohay Elam at FXDailyReport.com, with additional references and insights.*
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Foreign exchange (forex) markets remain pivotal for investors, traders, and institutions seeking opportunities in currency fluctuation. As we step into late October 2025, major currency pairs are shaped by recent macroeconomic data, shifting central bank policies, and ongoing global uncertainties. This in-depth technical analysis provides traders with actionable insights for EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, and USD/CHF, supplemented with current market sentiment and additional expert perspectives.
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### EUR/USD: Sideways Drift as ECB Stays Dovish
**Recent Developments:**
– The European Central Bank (ECB) reiterated its cautious monetary policy stance, opting to keep interest rates unchanged.
– Recent Eurozone inflation data signals a softening price environment, reinforcing the ECB’s dovish policy path.
– The U.S. Federal Reserve’s recent communication has kept the dollar relatively firm, although the EUR/USD pair remains in a narrow range.
**Technical Outlook:**
– **Resistance Levels:** 1.0700, 1.0750
– **Support Levels:** 1.0600, 1.0570
The currency pair currently trades sideways, confined between solid support and resistance bands. Market participants continue to weigh divergent economic data coming from both sides of the Atlantic. The pair’s sideways movement is attributed to balanced risks and an absence of clear directional drivers.
**Key Technical Signals:**
– The daily chart indicates a near-term consolidation pattern, with moving averages (20, 50, and 200 periods) converging.
– Relative Strength Index (RSI) hovers near the neutral 50 mark, confirming a lack of momentum.
– A decisive break above 1.0700 would open space for a move towards 1.0750. Conversely, a close below 1.0600 may renew bearish pressure.
**Market Sentiment:**
– Traders are waiting for breakout catalysts, particularly from upcoming U.S. GDP releases or surprises from ECB policymakers.
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### GBP/USD: Sterling Recovers Amid Calm in UK Politics
**Current Landscape:**
– The pound sterling has stabilized following a period of political turbulence within the UK government.
– UK inflation is trending lower, but central bank policymakers express continued concern about persistent services inflation.
– The Bank of England (BoE) maintains a cautious tone, opting to keep policy steady while emphasizing data dependence.
**Technical Perspective:**
– **Resistance Levels:** 1.2300, 1.2400
– **Support Levels:** 1.2150, 1.2100
Following a dip towards the 1.2100 region, GBP/USD managed to recover, buoyed by risk-on flows and improved investor sentiment. The daily chart reflects a possible higher-low formation.
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