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EUR/USD Chart on the hourtly time frame

General trend: Bearish within a descending channel.

Current resistance: 1.1600

Nearest support: 1.1435

Current situation: The price broke from the low of 1.1435 and then rebounded upwards, but failed to break the

descending trend line (the upper part of the channel) and rebounded from the indicated resistance.

MACD indicator: Shows a decline in bullish momentum, suggesting a return to the downside.
Expected scenario: The downtrend will continue towards 1.1435 unless 1.1600 is breached and held above.

 

USDJPY chart on the hourly time frame General trend: Upward within an ascending price channel. Major support: 146.35 Current resistance: 148.40 Current situation: Rebounding from a minor support area, but facing downward pressure. MACD indicator: In the negative zone, supporting selling pressure. Expected scenario: Continued volatility with a potential retest of support at 146.35 unless it can break 148.40.

- A look at yesterday's report dated August 4, 2025.