**Forex Technical Outlook: Key Currency Pairs in Focus — November 23 to 28, 2025**
*Based on analysis by DailyForex, with additional insights gathered from public domain market sources.*
The foreign exchange market continues to present dynamic trading opportunities leading into the final week of November 2025. With growing divergence in global monetary policies and economic data releases, major currency pairs such as EUR/USD, GBP/USD, and USD/JPY remain highly sensitive to both technical setups and macroeconomic triggers.
This updated technical outlook, adapted and expanded from the original DailyForex article, delves into the price action scenarios expected for November 23–28, 2025. The original insights were provided by renowned analyst Fawad Razaqzada, and this edition integrates broader contextual analysis for better-informed trading decisions.
—
### EUR/USD Technical Analysis
The EUR/USD pair has experienced a prolonged downtrend throughout 2025, primarily driven by the widening monetary policy gap between the Federal Reserve and the European Central Bank (ECB).
#### Key Technical Observations:
– **Resistance Area**: 1.0750 remains a significant short-term resistance level, previously acting as support and now functioning as a turnaround point for bearish pressure. The price has rejected this level multiple times in recent weeks.
– **Support Levels**: Immediate support lies near 1.0550, followed by more substantial support at 1.0450. A retest of either level could indicate renewed selling or the emergence of consolidation.
– **Trend Structure**:
– The pair continues to trade below its 200-day and 100-day moving averages, maintaining a bearish bias across daily and 4-hour charts.
– Momentum indicators such as the Relative Strength Index (RSI) show mild bullish divergence on the 4-hour chart, suggesting that the bearish momentum may weaken if bulls defend the 1.05 zone.
#### Macro Context:
– ECB continues to adopt a cautious tone due to fragile eurozone growth forecasts and soft inflation metrics.
– The Fed remains hawkish, holding steady interest rates and signaling the potential for additional tightening if inflation data does not fall toward 2 percent.
#### Trading Outlook:
– Short positions may be favorable near 1.0720–1.0750 if confirmation of resistance holds.
– A daily close above 1.0780 would invalidate the bearish bias and could trigger an upward correction towards 1.0850.
—
### GBP/USD Technical Analysis
Sterling has demonstrated relative resilience, driven by the Bank of England’s more cautious yet firm stance compared to the ECB. However, against a strong dollar, GBP/USD remains in a wider consolidation phase.
#### Current Technical Developments:
– **Key Resistance**: A firm resistance has formed near 1.2500–1.2530. The pair consistently struggles to sustain any rally beyond this zone.
– **Support Levels**: 1.2400 provides interim support, followed by a stronger demand area around 1.2275.
– **Moving Averages**:
– The currency trades around its 50-day moving average, suggesting indecision in the short term.
– The 200-day moving average near 1.2360 may act as a magnet price if volatility increases.
– **Momentum Indicators**:
– MACD remains neutral to slightly bullish on the daily chart.
– RSI is hovering near 50, indicating a wait-and-see stance among traders.
#### Fundamental Drivers:
– The Bank of England maintains higher terminal rate estimates, even as inflation shows signs of decline.
– UK GDP remains stagnant; however, wage growth contributes to inflationary pressure.
#### Forecast and Trade Plan:
– If GBP/USD breaks above 1.2530 on a daily closing basis, it could pave the way for further upward movement toward 1.2650.
– Failure to hold 1.2400 could trigger declines to test the next support at 1.227
Read more on USD/CAD trading.