**Forex Technical Major Pairs Analysis – October 24, 2025**
*Adapted and expanded from the analysis by Forex News, FXDailyReport.com*
The foreign exchange (Forex) market continues to attract traders seeking opportunities amid global macroeconomic developments, geopolitical shifts, and technical chart patterns. As of October 24, 2025, market participants are paying close attention to the key major currency pairs. This analysis examines the technical outlook for the EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD pairs, incorporating recent price action, significant levels, and moving average dynamics. Additional commentary is provided to offer a broader context from respected sources in the currency market.
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### EUR/USD Technical Analysis
The EUR/USD pair has recently experienced a moderate upward correction after a period of persistent weakness, primarily driven by diverging monetary policies between the European Central Bank (ECB) and the Federal Reserve. The technical setup remains nuanced as bulls attempt to regain control in the short term.
#### Key Technical Highlights
– **Resistance Levels**:
– Main resistance clusters at 1.0700 and 1.0760
– Longer-term resistance at 1.0800
– **Support Levels**:
– Immediate support at 1.0600
– Next key support at 1.0530
– **Chart Patterns and Moving Averages**:
– Price remains below the 200-day moving average, suggesting the longer-term trend favors the bears
– The RSI recently touched the neutral 50 zone, indicating indecision
– **Outlook and Considerations**:
– If EUR/USD closes above 1.0700 with strong volume, buyers may test 1.0760
– Failure to break 1.0700 may see a retreat toward the 1.0600 and potentially 1.0530 levels
– ECB policy statements and upcoming US economic data will act as potential catalysts
**Additional Insights**:
According to DailyFX, the euro’s prospects hinge on inflation prints within the eurozone and continuous commentary from ECB President Christine Lagarde, while US yields and risk appetite also weigh on directional bias.
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### GBP/USD Technical Analysis
Cable has been staging a recovery after sliding on softer UK economic prints and the Bank of England’s dovish tilt. The currency pair is facing critical resistance levels that will decide the next directional move.
#### Key Technical Highlights
– **Resistance Levels**:
– First resistance at 1.2200
– Next resistance at 1.2300, corresponding with a prior support-turned-resistance
– 1.2425 is significant for a stronger bull breakout
– **Support Levels**:
– First support lies at 1.2100
– Substantial support at 1.2000 psychological level
– **Technical Patterns and Moving Averages**:
– GBP
Read more on AUD/USD trading.