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EUR/USD Chart on the hourtly time frame

The pair is trading near a key support zone after a clear downward move, with limited technical rebound attempts from the recent low.

The price is still trading below its moving averages, reflecting continued selling pressure despite a slight improvement in momentum.

The MACD indicator remains in negative territory but shows a slowdown in the downward momentum, which could allow for some fluctuation or a short-term corrective bounce.

Overall trend: Bearish with a tendency towards corrective consolidation
Support: 1.1660 – 1.1625
Resistance: 1.1715 – 1.1750

Expectation: Holding above support could lead to a limited bounce towards 1.1715, while a break below 1.1625 would reactivate the bearish scenario towards lower levels.
 

USDJPY chart on the hourly time frame The pair is trading near its highs, maintaining its overall upward trend, despite the price entering a consolidation and profit-taking phase. Momentum remains positive, but at a slower pace. Overall Trend: Upward Support: 157.20 – 156.40 Resistance: 158.80 – 160.00 Expectation: Holding above 157.20 keeps the bullish scenario intact, while a break could trigger a temporary downward correction.

- A look at last week report dated Jan 9, 2026.