Weekly Forex Forecast (July 14-18, 2025) (Part-1)

The US dollar is on the verge of a significant bullish reclaim. Can buyers get the job done, and how would that impact the forex market next week?

Find out in today’s Weekly Forex Forecast.

See exactly how I’m approaching the DXY, EURUSD, GBPUSD, USDCAD, and XAUUSD next week.

US Dollar Index (DXY) Forecast
The DXY spent last week battling the 97.70 key resistance area. It’s a region we’ve focused on for weeks, as it’s the bottom of a 2011 ascending channel.

Sellers managed a break of 97.70 in June, but dollar bulls are doing their best to force a reclaim in July.

However, without a sustained break above 97.70 on the daily and weekly time frames, the area remains key resistance. Support for the DXY comes in at 97.50.

One observation last week was the dollar’s constant pressure of 97.70. Consolidation below resistance is often bullish, but it’s still imperative to respect the chart as it stands today.

EURUSD Forecast
EURUSD stair-stepped lower last week following a retest of the May channel at the June close. I wrote about the potential for a euro pullback at the start of July, and so far, the EURUSD is down over 100 pips.

However, it’s been a tentative pullback amid global uncertainty. Part of the tentativeness is due to the DXY’s stalemate between 97.70 resistance and the 97.00 support area.

There’s a sell-side imbalance for EURUSD at 1.1638 that could become a factor next week. However, the single print is protected by the May channel support. The DXY also remains below 97.70 as of this writing.

For now, EURUSD remains range-bound between 1.1680 support and 1.1750 resistance.

More pairs later.