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Mar 06, 2026
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EUR/USD Chart on the hourtly time frameThe pair remains within a broader downtrend after breaking the key support near 1.1750, but it is currently attempting a modest recovery from the recent low around 1.1570. Price is trading near 1.1600 as the MACD indicator gradually improves and approaches the positive territory, suggesting the potential for a short-term corrective rebound before the dominant trend resumes. Overall Trend: Bearish with a short-term bullish correction Outlook: A break above 1.1650 may open the door for a move toward 1.1700, while failure to hold above 1.1580 could renew downside pressure toward 1.1540.
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