FXEM - EMPIRE MARKETS - Company New Article

EUR/USD Chart on the hourtly time frame

Overall trend: Sideways within a symmetrical triangle with a downward bias.
The MACD indicator is in negative territory, showing weakening upward momentum and the potential for renewed downward movement.
The price is moving below the moving average, with strong resistance at the upper boundary of the triangle.

Reasons:
• Continued strength of the US dollar amid expectations that the Federal Reserve will maintain its tight monetary policy.
• Weak economic data from the Eurozone, particularly in the manufacturing sector.
• Investor caution ahead of the release of European inflation data.

Expectation:
• A break below the 1.1610 support level could push the pair towards 1.1570.
• A break above the 1.1660 resistance level could open the way towards 1.1700.
 

USDJPY chart on the hourly time frame Overall Trend: Strong bullish within an accelerating channel. MACD indicator is in positive territory and shows clear upward momentum. Price is above the moving average with a strong upward slope. Reasons: • Continued accommodative monetary policy from the Bank of Japan. • Rising US Treasury yields support the dollar's strength against the yen. • Improved global risk appetite reduces demand for the yen as a safe haven. Expectation: • A break above 153.00 could push the pair towards 154.20. • A break below the 151.60 support could open a downward correction to 150.90.

- A look at yesterday report dated October 28, 2025.