EURUSD breaks higher
The Euro hopes to turn the bearish situation around after finally finding some support. The pair has remained under pressure after sinking towards the 1.1400 level. A limited bounce above 1.1500 will likely attract meaningful bids, serving as a reminder that sellers remain in the market and are likely to sell into strength. A move above the next resistance at 1.1540 would trigger a new round of progressive buying and could push the pair towards 1.1600. 1.1450 has turned into a fresh support as the RSI remains neutral.
XAUUSD (Gold) testing resistance
XAUUSD (Gold) hopes to continue its upward move after bouncing away from the 3900 area. Some previous stiff selling indicated a rejection of higher bids, leaving the commodity in a prolonged range. The choppy price action indicates that the bears remain in the market and could pull the yellow metal lower. The swing high of 4040 is the next key level to watch, and a confirmed break above this peak would likely target 4100 as the next significant level.
GER 40 struggles to stabilise
The Dax remains indecisive even though prices recently bounced over 500 points. After hitting a top at 24100, the index is trying to stay afloat above its next line of defence at 23850. A bearish breakout would cause more liquidation and press bids down towards the previous bottom at 23600. 24250 is the immediate hurdle and the newly formed resistance level, which is an area of congestion that needs to be cleared to ease the pressure.
Trading the forex market requires extensive research, and that’s what we do best.
The post Intraday Analysis 07.11.2025 appeared first on Orbex Forex Trading Blog.