Weekly Forex Forecast: November 9 – 14, 2025
By: DailyForex.com
The forex markets are preparing for another dynamic week spanning from November 9 to November 14, 2025. Traders remain on edge as critical economic data, central bank moves, and geopolitical developments continue to shape currency flow across major and emerging market pairs. This forecast presents an in-depth analysis of key forex pairs, upcoming data releases, and potential trading opportunities.
EUR/USD Outlook
The EUR/USD pair experienced a bounce from recent lows last week, but the bullish trend lost momentum heading into the weekend. The single currency continues to grapple with mixed macroeconomic indicators in the Eurozone, while the U.S. dollar remains underpinned by robust economic strength and firm expectations surrounding Federal Reserve policy.
Key Technical Levels:
– Resistance: 1.0800, followed by stronger resistance near 1.0900
– Support: 1.0650 remains crucial, with extended downside risk towards 1.0550 if broken
Market Drivers:
– Inflation data across the Eurozone remains soft, weakening the case for further ECB tightening
– The U.S. labor market has remained surprisingly resilient, bolstering the dollar
– The European Central Bank is showing signs of policy fatigue, while the Federal Reserve remains cautious but firm
Trading Strategy:
– If EUR/USD breaks below 1.0650, short-term traders should consider short positions targeting 1.0550
– A sustained move above 1.0800 may signal a bullish reversal, but strong resistance lies ahead
GBP/USD Forecast
Sterling has faced consistent pressure in recent sessions, largely influenced by dovish rhetoric from the Bank of England (BoE) and heightened economic concerns surrounding the UK’s stagnating growth prospects.
Price Action Overview:
– The pair fell below key support at 1.2200 last week
– Bears are likely to remain in control unless a break above 1.2350 occurs
Risk Factors:
– UK GDP growth remains a drag, with consumer confidence continuing to sink
– The BoE has hinted at sustained rate pauses, which favors USD strength in the pair
– Political uncertainty and Brexit trade adjustment consequences continue to weigh on GBP
Technical Reference Points:
– Support: 1.2100 initial, followed by 1.2000 psychological level
– Resistance: 1.2300 and 1.2430 remain key upside hurdles
Strategy Insight:
– Short trades below 1.2200 remain viable with a stop-loss above previous highs
– Long positions can be explored if new data supports BoE hawkish pivot, but would require a confirmed breakout above 1.2350
USD/JPY Analysis
The USD/JPY currency pair remains in a robust uptrend driven by stark divergence in monetary policy direction between the Federal Reserve and Bank of Japan (BoJ). Persistent yen weakness has led analysts to speculate on potential intervention.
Key Influences:
– BoJ continues to pursue ultra-accommodative monetary settings despite rising inflation
– U.S. Treasury yields remain elevated, favoring USD strength against JPY
– Verbal interventions from Tokyo are increasing, but concrete action remains absent
Technical Setup:
– Present trend line supports upward momentum unless a sharp correction breaks 148.00
– Resistance projected near the 151.00 zone, which may invoke government response
Strategic Trade Ideas:
– Buy the dip remains a valid approach as long as price remains above 148.00
– Watch for intervention signals, especially near or above the 151.00 mark — traders should reduce exposure
USD/CHF Projection
The Swiss franc has weakened recently versus the U.S. dollar amid declining inflation pressure and subdued economic activity in Switzerland. The Swiss National Bank (SNB)’s dovish tone has reinforced the belief that rates may remain low in the medium term.
Technical Observations:
– The pair is recovering from previous psychological support near 0.9000
Explore this further here: USD/JPY trading.