Market Analysis for July 31, 2025: Technical Insights on EUR/USD, GBP/USD, AUD/USD and BTC/USD

Introduction

The market session on July 31, 2025 delivered a mixture of moves across major currency pairs and cryptocurrency. Using candlestick charts and momentum indicators, we can discern whether recent price action hints at continuation or reversal. This article breaks down the technical picture for EUR/USD, GBP/USD, AUD/USD, and BTC/USD, focusing on short‑term support and resistance levels and indicators like MACD, Stochastic and CCI.

EUR/USD: Bearish Session Despite Positive MACD

Price Action

EUR/USD fell 1.1 percent in the last session, highlighting a bearish tone. Candlesticks show a series of lower highs and lower lows, indicating sustained selling pressure. However, the MACD remains in positive territory, suggesting underlying bullish momentum.

Support and Resistance

• Resistance levels: 1.1628 and 1.1684. These are potential ceilings where sellers may return.

• Support levels: 1.1312 and 1.1210. If the pair falls further, buyers might step in near these zones.

Technical Outlook

Even with a positive MACD reading, the overall trend is still down. Traders should watch for a clear break above 1.1628 to signal recovery, while a drop below 1.1312 would confirm continued weakness.

GBP/USD: Downtrend with Negative CCI

Price Action

The British pound lost 0.8 percent against the US dollar in the latest session. The chart shows the pair trading below its moving averages, with red candlesticks dominating.

Support and Resistance

• Resistance levels: 1.3445 and 1.3504.

• Support levels: 1.3129 and 1.3030.

Technical Outlook

The Commodity Channel Index (CCI) is in the negative zone, pointing to bearish momentum. Short‑term traders may look for a bounce near 1.3129; however, a break of 1.3030 could open the door to further declines. For bullish momentum to return, the pair must reclaim 1.3445.

AUD/USD: Sharp Drop with Positive Stochastic Signal

Price Action

AUD/USD slid 1.1 percent during the session. The latest candlestick is notably bearish, indicating a strong sell‑off from recent highs.

Support and Resistance

• Resistance levels: 0.6566 and 0.6603.

• Support levels: 0.6359 and 0.6293.

Technical Outlook

Despite the decline, the Stochastic oscillator is delivering a positive signal, suggesting momentum could soon shift upward. A sustained move above 0.6566 would support a rebound. Conversely, falling through 0.6359 would reinforce the bearish pattern.

BTC/USD: Mild Pullback Amid Positive Stochastic

Price Action

Bitcoin weakened by 0.6 percent against the US dollar in the last session. Price action has been sideways‑to‑slightly bullish over the past few weeks, with candles oscillating around key moving averages.

Support and Resistance

• Resistance levels: 120 283 and 121 636.

• Support levels: 114 523 and 112 996.

Technical Outlook

The Stochastic indicator remains in positive territory, hinting that upward momentum persists despite the minor pullback. Bulls will want to see BTC/USD reclaim 120 283 to confirm a fresh push higher. A drop below 114 523 could encourage sellers to test deeper supports.

Conclusion

July 31, 2025 presented a predominantly bearish tone for major currency pairs, while Bitcoin’s decline was relatively modest. EUR/USD and GBP/USD are under pressure, with EUR/USD showing a faint hint of underlying strength via a positive MACD. AUD/USD fell sharply yet received a bullish Stochastic signal that may precede a bounce. BTC/USD maintains positive momentum despite a small pullback. Traders should watch how prices interact with the key support and resistance levels outlined above to anticipate the next move.