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EUR/USD Chart on the hourtly time frame

General trend: Bearish within a clear descending channel.

Recent move: Rebound from the lower boundary of the channel with a long lower candle (indicating a strong rejection of the support break).

Nearby resistance: 1.1650 (blue line).

Nearby support: 1.1580, then 1.1550.

MACD: Currently bullish, reinforcing the notion of a temporary rebound.

Expectation:
A possible upward corrective bounce towards 1.1640–1.1650, followed by a downward continuation as long as it remains below 1.1700.
 

USDJPY chart on the hourly time frame Overall Trend: Upward, with a temporary downward correction. Nearby Support: 147.45 – Important horizontal support coinciding with an uptrend. Nearest Resistance: 149.00 – Current High. MACD Technical Indicator: A negative crossover, indicating a potential short-term correction. Expectation: If the price stabilizes above 147.45, we may witness an upward rebound towards 149.00 again. A break of this support may open the way for further declines to 145.85.

- A look at yesterday report on July 16, 2025.