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EUR/USD Chart on the hourtly time frame

The pair is showing a gradual recovery from the 1.2960 low and is currently trading near the upper boundary of the descending channel, supported by a temporary improvement in risk appetite and a relative lull in US dollar strength.

The MACD indicator remains in positive territory, but the upward momentum is beginning to lose some strength, reflecting traders' caution near resistance levels.

Overall trend: Neutral with a slight upward bias
Support: 1.3070 – 1.3010
Resistance: 1.3170 – 1.3220

Expectation: A clear break above 1.3170 would confirm a temporary bullish shift towards 1.3220, while failure to break above this level could bring back selling pressure towards 1.3050.
 

USDJPY chart on the hourly time frame The pair maintains its upward movement within a medium-term uptrend, supported by the continued divergence in monetary policy between the Federal Reserve and the Bank of Japan. However, the price is currently facing strong resistance near recent highs. Overall Trend: Upward with a Correction Tendency Support: 155.80 – 154.90 Resistance: 157.20 – 158.00 Expectation: Holding above 155.80 supports a resumption of the upward trend, while breaking this level could trigger a deeper correction towards 154.90.

- A look at last week report dated Feb 6, 2026.