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Feb 26, 2026
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EUR/USD Chart on the hourtly time frameThe pair is attempting to consolidate above the 1.1760 support area after a downward correction from the upper boundary of the descending channel. The price is currently trading near 1.1780 with limited rebound attempts, while the MACD indicator has begun to gradually reduce its negative bias but has not yet confirmed a clear reversal. Holding above 1.1760 could support a rebound towards 1.1815, while a break below support would reinstate selling pressure within the channel. Overall Trend: Downward within a Channel Expectation: Holding above support could lead to a limited upward correction, while a break below would confirm the continuation of the downtrend.
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