FXEM - EMPIRE MARKETS - Company New Article

EUR/USD Chart on the hourtly time frame

The euro continues its downward trend on the hourly timeframe, with limited attempts to recover after bouncing off the recent low. The price is trading below the moving averages, reflecting continued selling pressure, while the MACD indicator shows renewed negative momentum with clear weakness in buying power. Holding above the current support zone could allow for a limited upward correction, but the overall trend remains bearish.

Overall trend: Bearish
Support: 1.1660 – 1.1620
Resistance: 1.1725 – 1.1765

Expectation: As long as the price remains below 1.1725, continued pressure towards 1.1620 is likely, while a break and hold above 1.1765 could open the door for a wider correction.
 

USDJPY chart on the hourly time frame The dollar is trading in a historically high range against the yen, with signs of slowing upward momentum after a strong rally. The price is consolidating sideways above nearby support levels, while the MACD indicates a gradual loss of positive momentum. Overall Trend: Weakly bullish (sideways with an upward bias) Support: 156.40 – 155.80 Resistance: 157.90 – 158.60 Expectation: Holding above 156.40 keeps the bullish outlook alive, while a break below this level could trigger a deeper correction towards 155.80.

- A look at yesterday report dated Jan 8, 2026.