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EUR/USD Chart on the hourtly time frame

The EUR/USD pair continues to trade within a clear ascending channel on the hourly timeframe, following a strong rally supported by the continued weakness of the dollar after the US interest rate cut.

The price is currently moving near local highs with horizontal consolidation, suggesting a possible limited corrective move before the trend resumes.

The MACD indicator remains in positive territory, but the upward momentum is gradually waning, reflecting a cautious market sentiment.

A clear break above 1.1760 could open the way for further gains towards 1.1800, while a break below the nearby support could push the price to test lower levels within the channel.

Overall Trend: Upward
Support: 1.1700 – 1.1650
Resistance: 1.1760 – 1.1800

Expectation: The upward trend remains intact, but the current consolidation may precede a short corrective move before the rise resumes.
 

USDJPY chart on the hourly time frame The pair is showing signs of weakness after failing to hold above previous highs, influenced by dollar pressure following the interest rate cut. Any break below the nearby support level could open the door for a deeper correction. Overall Trend: Neutral with a slight downward bias Support: 154.40 – 153.80 Resistance: 155.80 – 156.40 Expectation: Selling pressure will continue as long as the price remains below resistance.

- A look at last week report dated Dec 12, 2025.