**Forex Major Pairs Technical Analysis: October 24, 2025**
*Original analysis by FXLarsson, expanded and updated by AI Writer. Source credit: FXLarsson, FXDailyReport*
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As we approach the end of October 2025, forex markets display high volatility influenced by shifting central bank policies, economic reports, and ongoing geopolitical uncertainties. Technical traders must navigate this environment with close analysis of price action and chart patterns across the major currency pairs. This article delivers in-depth technical insights into the EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD pairs to help forecast near-term movement.
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## EUR/USD Technical Analysis
The EUR/USD continues to be one of the most closely watched currency pairs worldwide. As of October 24, 2025, the exchange rate sits near 1.0800, reflecting a period of consolidation in the wake of recent US and Eurozone data releases.
**Key Technical Observations:**
– The pair has bounced off the 1.0750 support multiple times, indicating buying interest in this region.
– Major resistance can be identified at the 1.0900 and 1.0950 levels.
– The 50-day simple moving average (SMA) is trending slightly below price, offering dynamic support.
– The Relative Strength Index (RSI) is hovering around 55, signaling neither overbought nor oversold conditions.
**Potential Scenarios:**
– *Bullish Breakout*: A close above 1.0900 may signal further upside, with targets at 1.0950 and potentially 1.1000 if bullish momentum gathers pace.
– *Bearish Rejection*: Failure to surpass resistance and a breakdown below 1.0750 could invite selling pressure toward 1.0700 and 1.0650.
**Supporting Fundamentals:**
– The Federal Reserve’s measured approach to rate changes, coupled with the European Central Bank’s cautious stance, is maintaining relative stability in the pair.
– Recent data from the Eurozone shows moderate growth and softening inflation, which may limit EUR gains.
**Chart Pattern:**
– A symmetrical triangle is visible on the daily chart, with narrowing price swings between support and resistance.
**Trading Considerations:**
– Watch for a breakout from the current consolidation.
– Consider placing stop-loss below 1.0700 for bullish trades and above 1.0950 for bearish trades.
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## GBP/USD Technical Analysis
GBP/USD has fluctuated in a range between 1.2400 and 1.2700, as the market digests Bank of England communications and reacts to UK inflation reports.
**Technical Levels:**
– Support: 1.2500 and 1.2430
– Resistance: 1.2650 and 1.2750
– 200-day moving average is acting as intermediate resistance around 1.2600.
**Indicators:**
– RSI reads around
Read more on AUD/USD trading.