**Weekly Forex Forecast for DXY, EURUSD, GBPUSD, USDCAD, and XAUUSD (November 24-28, 2025)**
*Credit: Justin Bennett, Daily Price Action*
The last full trading week of November 2025 looks poised to present several notable opportunities across the forex and commodities markets. With recent movements setting pivotal levels on the US Dollar Index (DXY), as well as key pairs like EURUSD, GBPUSD, and USDCAD, traders will need to pay close attention to price action and major catalysts that could unfold as the year draws closer to its end. Gold (XAUUSD) is also at an interesting juncture, with technical implications for its next significant move.
Let’s break down the primary setups on these major markets to identify potential trading opportunities for the week ahead.
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## US Dollar Index (DXY)
The US Dollar Index has spent the last several weeks consolidating after a strong rally earlier this year. Bulls and bears continue to battle for control, especially as global economic uncertainties persist and traders watch every signal from the Federal Reserve.
**Technical Highlights:**
– The DXY tested resistance at the 107.10-107.30 region but failed to break higher, showing clear hesitation from buyers.
– Immediate support lies near 105.50, a level that has previously acted as a springboard for temporary rebounds.
– The index is trading in a well-defined ascending channel drawn from early October 2025 lows. A break below this structure would suggest weakness and invite further selling.
– Bullish continuation would require a clear close above 107.30, targeting the yearly highs near 108.50. Failure to hold 105.50 could send the DXY toward 104.30 and, potentially, to the lower channel support.
**Key points to watch:**
– Monitor for sustained closes above or below the channel structure for directional cues.
– The outcome of US macroeconomic data will remain critical, particularly given the Thanksgiving-shortened trading week.
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## EURUSD
EURUSD remains under pressure as the euro continues to struggle against a firm greenback. Recent sessions have seen the pair oscillate within a tight range, but a breakout appears imminent as volatility is likely to pick up post-Thanksgiving.
**Technical Highlights:**
– The 1.0730 region is acting as a stubborn support level, tested multiple times throughout November.
– Resistance is confirmed by a descending trendline connecting the September and November swing highs, currently residing near 1.0860.
– A clear break and daily close below 1.0730 would expose the next support at 1.0630, a level last seen in early October 2025.
– Conversely, a decisive move above 1.0860 would put the 1.0960 region in focus, where the bulls may attempt to take control.
**Trading Considerations:**
– Look for price action confirmation near the 1.0730-1.0860 consolidation range.
– Volatility may increase following fresh releases out of the Eurozone and any new headlines from the European Central Bank.
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## GBPUSD
Similar to its European counterpart, GBPUSD is consolidating after an extended bearish move that began in September. The pair is currently compressing within a narrowing range, suggesting that a breakout is approaching.
**Technical Highlights:**
– Key support can be found near 1.2340, a level that rejected sellers in the last week of October.
– Overhead resistance is now clustered between 1.2500 and 1.2530, where several candles closed with long upper wicks in early November.
– This range has defined GBPUSD’s behavior for the last several weeks, with neither bulls nor bears able to gain a decisive edge.
**What to monitor:**
– A daily close above 1.2530 could usher in a move towards 1.2700, although such rallies may face selling
Read more on GBP/USD trading.