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EUR/USD Chart on the hourtly time frame

The pair is showing a notable recovery from the recent low near 1.1760 and is currently trading near the upper boundary of the descending channel on the hourly chart, supported by a relative decrease in dollar strength and improved risk appetite.

The MACD indicator remains in positive territory, with accelerating upward momentum, reinforcing the likelihood of a continued short-term rebound.

A clear break above 1.1840 could push the pair towards testing 1.1880.

Overall trend: Neutral with a slight upward bias
Support: 1.1790 – 1.1760
Resistance: 1.1840 – 1.1880

Expectation: Holding above 1.1790 supports continued recovery, while a break below 1.1760 would revive selling pressure.
 

USD/JPY Chart on the hourtly time frame The pair is trading near higher levels, supported by the yield spread between US and Japanese bonds. The momentum indicator is positive, but overbought conditions are emerging. Support: 153.60 – 152.90 Resistance: 155.20 – 156.00 Expectation: Holding above 153.60 maintains the bullish trend, with a potential for a limited correction before the upward movement resumes.

- A look at last week report dated Feb 20, 2026.