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EUR/USD – Technical Analysis – 4h

February 23, 2026 08:02

Quick Summary

The EUR/USD 4-hour chart displays a potential shift in the trend, indicating an evolving environment. The asset’s movements suggest that a transition from bearish to bullish may be on the horizon.

Technical indicators, such as MACD and volume, provide further evidence of this potential momentum change.

Candlestick Analysis

The overall trend appears mixed, but recently it's showing signs of a potential shift from bearish to bullish. There is a noticeable rally after a period of decline.

A small bullish engulfing pattern is visible towards the end of the chart, suggesting a potential reversal.

The presence of multiple small-bodied candles in the previous decline indicates indecision before the current upward move.

MACD Analysis

The MACD line is crossing above the Signal line, indicating a bullish crossover.

This crossover suggests a shift in momentum from bearish to bullish.

The MACD histogram is transitioning from red to green, reinforcing the bullish momentum.

Volume Analysis

A noticeable increase in volume during the recent bullish candles, suggesting strong buying interest.

Volume support in the rally indicates potential institutional activity or strong market support.

Such volume patterns often highlight pivotal market sentiment and directional bias.

Support & Resistance

Immediate support is at 1.17500, a previous low where the price reversed.

Key resistance at 1.18340, the recent high, and psychological level.

Breaking this resistance could confirm a new bullish trend.

Actionable Insights

Consider buying if the price breaks and sustains above 1.18340 with continued volume support.

Watch for any bearish candlestick patterns or a MACD bearish crossover for potential selling opportunities.

Investors holding long positions could maintain their positions while watching for further confirmations.

The AI Technical Analysis Center is an informational tool only and does not constitute investment or trading advice.
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