FXEM - EMPIRE MARKETS - Company New Article

EUR/USD Chart on the hourtly time frame

The pair is trading within a clear descending channel on the hourly chart, with a bounce attempt emerging from the lower channel boundary near strong support levels. The price has managed to hold above horizontal support, while the MACD indicator has begun to gradually improve, suggesting a weakening of negative momentum and the potential for a limited corrective bounce.
A clear break above the nearby resistance could push the pair to test the upper channel boundary, while failure to hold support could bring back selling pressure towards recent lows.
Overall trend: Bearish with limited corrective bias
Support: 1.1600 – 1.1560
Resistance: 1.1665 – 1.1710
Expectation: A break above resistance would support a corrective bounce, while a break below support would reinforce a resumption of the downtrend.
 

USDJPY chart on the hourly time frame Despite the overall upward trend remaining, the pair has entered a clear slowdown phase after a strong rally. Momentum is weakening, suggesting the possibility of fluctuations or a limited correction before the next direction is established. Overall Trend: Upward with a slowdown Support: 156.80 – 155.90 Resistance: 158.60 – 159.40 Expectation: Holding above support maintains the upward trend, while a break could open the door for a deeper correction.

- A look at last week report dated Jan 16, 2026.