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Mar 09, 2026
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EUR/USD Chart on the hourtly time frameThe pair continues to trade within a bearish trend on the hourly timeframe after a clear break below the previous support around 1.1560, before attempting a modest rebound. Price is currently trading below the moving averages, while the MACD indicator still reflects negative momentum despite some slowing. Any upward movement at this stage may remain corrective unless the pair manages to reclaim nearby resistance levels. Overall Trend: Bearish Outlook: Staying below 1.1560 keeps downside pressure intact with a potential test of 1.1500, while a break above could trigger a corrective move toward 1.1600.
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