General Outlook of the Past and Coming Week
The week ending 15 August 2025 brought cross-currents across major assets. EUR/USD finished close to 1.1708, holding the upper end of its recent range as the dollar softened late Friday. Gold eased and hovered around $3,341–3,342 per ounce into the close, as hotter US producer prices trimmed expectations of aggressive Fed easing. Bitcoin printed a new all-time high above $124,000 on 14 August before consolidating toward the $117–118k area by the weekend.
Looking ahead to 18–22 August, the euro’s path looks data-dependent, gold appears range-bound after last week’s pullback, and bitcoin is likely to consolidate after the record high unless a fresh catalyst emerges.
EUR/USD
EUR/USD ended Friday near 1.1708. Bulls will eye 1.1750–1.1800 as the next resistance band, while a slip back under 1.1650 would risk a move toward 1.1600. Positioning is finely balanced and sensitive to incoming US data and Fed rhetoric after July PPI underscored lingering price pressures.
XAU/USD (Gold)
Spot gold traded around $3,341–3,342 on Friday, with the week showing a mild decline as firmer US inflation indicators tempered hopes for larger near-term rate cuts. Initial resistance is seen near $3,360, then $3,400–3,420 on a clean break higher. On the downside, watch $3,320 as first support, with $3,280–3,300 below if momentum weakens.
BTC/USD (Bitcoin)
Bitcoin set a record high above $124,000 on 14 August and then cooled, with spot closing the week around $117,600–117,700. Near-term support is $118,000 and then $115,000. Resistance sits at $123,000–$124,500; a decisive break could open $130,000. The backdrop remains broadly constructive, but after a fresh high, consolidation is typical.
Conclusion
For 18–22 August, EUR/USD is likely to oscillate inside 1.1650–1.1750 unless US data drive a breakout. Gold looks set to consolidate within roughly $3,320–$3,400 unless yields and the dollar shift materially. Bitcoin is digesting gains after its new peak, with $118,000 support and $124,000 resistance the immediate markers.
NordFX Analytical Group
Disclaimer: These materials are not an investment recommendation or a guide for working on financial markets and are for informational purposes only. Trading on financial markets is risky and can lead to a complete loss of deposited funds.
Forex and Cryptocurrency Forecast for August 18–22, 2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
