The pair is trading within an ascending channel on the hourly timeframe, but has lost some momentum near 1.3670.
The price is currently at an important support level near 1.3600–1.3580.
The MACD indicator is showing a short-term negative slope, indicating a potential for a limited downward correction if the support is broken, with the overall trend remaining positive above 1.3580.
EUR/USD Chart on the hourtly time frame
The price is in an uptrend, but there is a current correction in price action after reaching the resistance level at 1.1830.
The MACD indicator is showing declining momentum, indicating the potential for further corrections.
Strong support at 1.1790 could represent a reversal point if the price rebounds from it.
USDJPY chart on the hourly time frame
The pair is in a clear downward channel, with important resistance at 147.30.
Nearest support is positioned around 146.40 – 146.00.
The MACD indicator indicates a short-term positive recovery, supporting the possibility of testing resistance levels, but the continuation of the downward channel weakens the chances of a strong uptrend.
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