**Forex Technical Analysis: Major Currency Pairs Overview – November 14, 2025**
*Adapted and expanded from an article by Bilal Jafar, FXDailyReport.com*
Forex markets remain active and ever-volatile, with major currency pairs trading in reaction to global economic data, central bank policies, and broader market sentiment. On November 14, 2025, significant movements were observed across most major pairs, reflecting shifting fundamentals and ongoing trader responses to recent data releases. This analysis offers a comprehensive technical outlook for the top currency pairs, enhanced by additional insights from other reputable sources.
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## EUR/USD: Dovish Momentum and Technical Barriers
The EUR/USD pair saw renewed volatility as the euro struggled against the dollar despite mixed economic signals from both the European Central Bank (ECB) and the Federal Reserve. The rally seen in October was curtailed as the pair faced resistance near a key psychological level.
**Technical Insights:**
– **Immediate Resistance:** Strong resistance is now established near the 1.0850 mark, coinciding with the 200-day moving average. This area has repeatedly capped upward movements over the past several sessions.
– **Support Levels:** Immediate support lies at 1.0700, with further downside likely if selling momentum accelerates.
– **Trend Structure:** The pair remains confined within a wide consolidation channel, with the trend short-term neutral but medium-term bearish. Bearish signals will strengthen if the pair breaks below 1.0700.
**Indicators and Oscillators:**
– RSI is hovering near the 50 neutral mark, indicating indecision in the market.
– MACD remains below the zero-line but shows signs of flattening.
– Moving averages (20, 50, 200 SMA) suggest consolidation, with the possibility of a new trend forming if a breakout occurs.
**Fundamental Drivers:**
– Recent dovish comments from the ECB hint at no imminent rate hikes, which could cap EUR gains.
– US inflation and retail sales data continue to support the dollar, causing temporary rallies.
If EUR/USD fails to close above the 1.0850 resistance, it is likely to face continued pressure in the sessions ahead.
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## GBP/USD: Testing Key Support Levels
Sterling’s performance against the US dollar has been characterized by lower highs and steady pressure as traders anticipate the next moves from the Bank of England.
**Technical Highlights:**
– **Downward Channel:** The pair trades within a descending channel, indicating persistent bearish sentiment.
– **Immediate Support:** 1.2200 level is critical. A daily close below this threshold will likely open the door to further declines toward 1.2050.
– **Resistance:** 1.2350 and 1.2450 have capped recent rallies.
**Indicators:**
– RSI is trending lower, approaching oversold territory without yet triggering a reversal signal.
– Stochastic Oscillator is in a bearish alignment, reinforcing the likelihood of further downside moves.
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Read more on AUD/USD trading.