Forex Weekly Outlook 2025: DXY Holds Range, EURUSD and GBPUSD in Critical Zones, XAUUSD Near Major Decision Point
Weekly Forex Forecast (July 28 – August 1, 2025): The US Dollar Index (DXY) remains range-bound between 105.00 and 106.50, awaiting a decisive breakout to guide August’s trend. EURUSD battles within a bearish channel, testing key support near 1.0800. GBPUSD consolidates above 1.2800 but faces a critical test of momentum. USDCHF holds near core support levels, while XAUUSD approaches a pivotal juncture amid mixed fundamental cues. Traders should watch for confirmed daily closes beyond these technical thresholds to identify actionable opportunities. Analysis adapted from Justin Bennett, Daily Price Action.
