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Feb 20, 2026
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EUR/USD Chart on the hourtly time frameThe pair continues to trade within a clear descending channel on the hourly timeframe and is currently moving near the 1.1750 level after breaking a key support zone. Moving averages are exerting downward pressure on the price, while the MACD indicator is in negative territory, indicating continued bearish momentum. Any return above 1.1820 could give the pair a corrective bounce towards 1.1865, while a break below 1.1720 would reinforce the target of 1.1680. Overall trend: Bearish Expectation: Continued downward pressure unless 1.1820 is breached.
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