FX Weekly Overview (Brazil Issue)
Dollar to reflect US economic data, Central Bank minutes, inflation in Brazil, and the Middle East
Leonel Mattos
- Currencies
Euro and Pound Set New Long-Term Highs Against the Dollar
Euro and Pound Set New Long-Term Highs Against the Dollar
FOREX.com Market Analyst Razan Hilal shares her technical outlook on the euro and British pound as they approach key resistance areas against the US dollar.
Key Takeaways
- Euro remains above long-term declining channel support, suggesting bullish potential
- British pound tests multi-year resistance near 1.36
- Failure to hold key levels could trigger deeper pullbacks toward prior cycle lows
Euro and Pound Challenge Long-Term Dollar Dominance
As markets move through mid-2025, FOREX.com Market Analyst Razan Hilal observes that both the euro and British pound are testing major long-term formations that have historically defined their positioning against the US dollar. According to Hilal, recent price action suggests the potential for a shift in directional momentum, with both currencies showing early signs of strength. However, she cautions that the outlook remains sensitive to how current patterns evolve, with confirmation still required to support a sustained move.
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---- Written by Frederic Guetin, StoneX TV Producer
---- Expert: Razan Hilal, CMT, FOREX.com Market Analyst
- Currencies
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