Gold, Silver, GBPUSD, Euro50 & USDCHF at Major Break Points! Explosive Moves Incoming as Key Levels Get Attacked!- 11.07.2025

This currency and commodity technical outlook highlights key price action setups in major FX pairs, the Euro Stoxx index, and Silver. From GBPUSD’s resistance test to Silver’s breakout, traders are watching critical levels.

Currency and Commodity Technical Outlook: GBPUSD Analysis

The pair is testing a key long-term resistance zone between 1.3650 – 1.3700 on the weekly chart. After months of steady bullish structure, this area triggered a strong rejection candle.

• Key resistance: 1.3650 – 1.3700
• Support: 1.3428 (recent breakout level, now retest zone)
• Trendline support: Rising trend from 2022 lows remains intact
• Volume: Slightly decreasing as price reaches resistance, indicating buyer exhaustion

📉 Outlook: Bearish short-term bias unless a weekly close above 1.3700 is achieved. If 1.3428 breaks, correction toward 1.3150 is likely.

USDCHF – U.S. Dollar / Swiss Franc

USDCHF is tightly consolidating in a well-defined horizontal range between 0.7915 – 0.7990. Repeated rejection at the top of the range and shallow bounces from the bottom suggest indecision.

• Resistance: 0.7990
• Support: 0.7915
• Price structure: Sideways chop, potentially forming a coiled spring
• Volume: Declining, consistent with consolidation

📉 Outlook: Watch for a breakout. Above 0.7990, next target is 0.8020. Below 0.7915, downside opens toward 0.7870.

Euro Stoxx 50 Descending Triangle Setup

The EU50 index has reached the upper boundary of a descending triangle formation, around 5,420 – 5,450. The lower highs structure remains intact, hinting at possible bearish continuation.

• Resistance: Downtrend line near 5,440
• Support: Horizontal support at 5,230 and 5,100
• Volume: Weakening as price approaches resistance
• Pattern: Descending triangle – typically bearish

📉 Outlook: Failure to break out could trigger a reversal toward 5,230. Bulls must reclaim 5,460+ with strong momentum to flip the structure.

XAGUSD – Silver / U.S. Dollar

Silver has broken out above the previous local high and is now trading above $37.00, confirming a bullish continuation pattern.

• Breakout level: $36.00
• Support: $35.48 (prior resistance now support)
• Volume: Significant uptick on breakout, confirming strength
• Momentum: Strong candles with minimal wicks show aggressive buying

📈 Outlook: Bullish. As long as price holds above $35.50–36.00 zone, next target sits around $38.20–39.00.