Sample Category Title

Daily Pivots: (S1) 1.6507; (P) 1.6562; (R1) 1.6609; More...

Intraday bias in EUR/AUD is back on the downside with breach of 1.6497 temporary low. Fall from 1.6842 is resuming and should target a retest on 1.6125 low. On the upside, above 1.6667 minor resistance will turn intraday bias neutral again first.

In the bigger picture, fall from 1.8554 (2025 high) is in progress and deeper decline should be seen to 61.8% retracement of 1.4281 to 1.8554 at 1.5913, which is slightly below 1.5963 structural support. Decisive break there will pave the way back to 1.4281 (2022 low). For now, risk will stay on the downside as long as 55 W EMA (now at 1.7163) holds, even in case of strong rebound.

Daily Pivots: (S1) 0.9198; (P) 0.9209; (R1) 0.9224; More....

EUR/CHF is still extending the consolidation pattern from 0.9264 and intraday bias remains neutral. Further rise is expected with 0.9155 support intact. Firm break of 0.9264 will resume the rebound from 0.8979 to 0.9394 resistance next. However, break of 0.9155 will turn bias back to the downside for deeper pullback.

In the bigger picture, considering bullish convergence condition in W MACD, a medium term bottom should be in place at 0.8979. Sustained trading above 55 W EMA (now at 0.9281) will add more credence to this case. Further break of 0.9394 resistance will pave the way to 0.9660 resistance next. However rejection by the 55 W EMA will set up another fall through 0.8979 low at a later stage.

Daily Pivots: (S1) 1.3733; (P) 1.3766; (R1) 1.3801; More...

USD/CAD's fall from 1.3965 is in progress and intraday bias stays on the downside for 61.8% retracement of 1.3480 to 1.3965 at 1.3665. Decisive break there will extend the decline from 1.3965 to retest 1.3480 low. On the upside, above 1.3803 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.4791 are seen as a corrective pattern to the whole up trend from 1.2005 (2021 low). Deeper fall could be seen, as the pattern extends, to 61.8% retracement of 1.2005 to 1.4791 at 1.3069. However, decisive break of 38.2% retracement of 1.4791 to 1.3480 at 1.3981 will argue that the correction has completed with three waves down to 1.3480 already. Further break of 1.4139 will confirm and bring retest of 1.4791 high.

Daily Pivots: (S1) 0.7085; (P) 0.7116; (R1) 0.7157; More...

AUD/USD's from 0.6832 is in progress and intraday bias stays on the upside for retesting 0.7187 high. Strong resistance could be seen there on first attempt. Below 0.7076 minor support will turn intraday bias neutral first. Meanwhile, decisive break of 0.7187 will confirm larger up trend resumption.

In the bigger picture, as long as 0.6706 cluster support holds, rise from 0.5913 (2024 low) should still be in progress. Decisive break of 61.8% retracement of 0.8006 to 0.5913 at 0.7206 will solidify the case that it's already reversing the down trend from 0.8006 (2021 high). However, firm break of 0.6706 will dampen this bullish case, and bring deeper fall back to 0.6420 support, and possibly below.

Daily Pivots: (S1) 1.1763; (P) 1.1788; (R1) 1.1820; More….

Intraday bias in EUR/USD remains on the upside for the moment. Decisive break of 61.8% retracement of 1.2081 to 1.1408 at 1.1824 will extend the rally from 1.1408 to retest 1.2081 high. On the downside, below 1.1739 minor support will turn intraday bias neutral first.

In the bigger picture, the strong support from 38.2% retracement of 1.0176 to 1.2081 at 1.1353 suggests that the pullback from 1.2081 is more likely a corrective move. Strong support was also found in 55 W EMA (now at 1.1513). Focus is back on 1.2 key cluster resistance level. Decisive break there will carry long term bullish implications. Nevertheless, break of 1.1408 support will revive the case of medium term bearish trend reversal.

Daily Pivots: (S1) 1.3512; (P) 1.3551; (R1) 1.3605; More...

Intraday bias in GBP/USD remains on the upside at this point. Firm break of 61.8% retracement of 1.3867 to 1.3158 at 1.3596 will extend the rise from 1.3158 to retest 1.3867 high. On the downside, below 1.3483 minor support will turn intraday bias neutral first.

In the bigger picture, current development suggests that price actions from 1.3867 are merely a corrective pattern within the broader up trend from 1.0351 (2022 low). With 1.3008 support intact, medium term bullishness is maintained and break of 1.3867 is back in favor for a later stage, towards 1.4248 key resistance (2021 high).

Daily Pivots: (S1) 158.43; (P) 158.98; (R1) 159.36; More...

USD/JPY is still extending consolidations from 160.45 and intraday bias remains neutral. Outlook will stay bullish as long as 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at 157.31) holds. On the upside break of 160.45 will target a retest on 161.94 high. However, firm break of 157.31/49 will bring deeper fall back to 61.8% retracement at 155.38 next.

In the bigger picture, outlook is unchanged that corrective pattern from 161.94 (2024 high) should have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94. This will remain the favored case as long as 55 W EMA (now at 155.24) holds. Firm break of 161.94 will pave the way to 61.8% projection of 102.58 to 161.94 from 139.87 at 176.75.

• The technical picture has turned "decidedly optimistic" as EUR/USD has reclaimed its 50, 100, and 200-day Moving Averages (MAs).
• Momentum oscillators on the H4 chart, with RSI at 70.5, suggest the move is overextended.
• Bulls must secure an hourly close above the 1.1800 psychological level to maintain control.
• If the pair fails at 1.1800 and slips below the intraday pivot at 1.1780, it could lead to a correction toward the 1.1750 zone.

EUR/USD finds itself at another crossroad after recent developments have seen the pair test a multi year pivot level of 1.1450. Since then EUR/USD has attempted to grind its way higher but further upside is facing a few hurdles.

Daily Chart: Structural Shift Underway

Looking at the daily timeframe, the technical picture has shifted from cautiously bearish to decidedly optimistic. After finding significant demand at the Multi-Year Pivot near 1.1450, the pair has embarked on a sustained rally.

The most significant development on the daily chart is the price action surrounding the MA cluster. EUR/USD has managed to reclaim the 50, 100, and 200-day Moving Averages (MAs), which are currently converging around the 1.1670 - 1.1690 zone (highlighted by the red box). This area now shifts from a major resistance ceiling to a foundational support floor.

With the RSI currently at 64.4, there is still space before reaching extreme overbought conditions, suggesting that the path of least resistance remains to the upside toward the 1.1867 resistance level.

EUR/USD Daily Chart, April 15, 2026

Source:TradingView.com

H4 Chart: Momentum Oscillators Hint at Exhaustion

On the H4 timeframe, the "Golden Cross" and the steep ascending slope of the 50 MA (purple line) underscore the strength of the recent move. The pair recently sliced through the 1.1721 and 1.1769 horizontal hurdles with relative ease.

However, a note of caution is warranted. The RSI on the H4 is currently printing at 70.5, having recently flagged several "BEAR" pivot warnings. This indicates that while the trend is bullish, the move is becoming overextended in the short term.

We often see a period of consolidation or a "retest" of previous breakout levels when the H4 RSI hits these extremes, which could see the pair gravitate back toward 1.1769 before the next leg higher.

EUR/USD Four-Hour Chart, April 15, 2026

Source:TradingView.com

H1 Chart: European Session Scenarios

The hourly chart provides a clear roadmap for the day ahead. Price action is currently consolidating just below the 1.1800 handle, which will be the primary battleground for the European session.

The Bullish Scenario

For the bulls to maintain control, we need to see a clean hourly close above the 1.1800 psychological level. If buying pressure persists, the next logical target is the 1.1867 area. Traders should watch for a "bull flag" formation on the H1; as long as the pair holds above the 1.1769 support, the intraday bias remains firmly long.

The Bearish Scenario

The bearish case relies on the RSI divergence and the "BEAR" labels currently populating the H1 peaks. If EUR/USD fails to clear 1.1800 and slips below the intraday pivot at 1.1780, we could see a move toward the 1.1750 zone, where the 50 MA (H1) is currently rising to meet price.

A deeper correction toward the 1.1726 level cannot be ruled out if the US Dollar finds a haven bid during the session.

Key Levels to Watch:

• Resistance: 1.1800, 1.1867, 1.2000
• Support: 1.1769, 1.1726, 1.1696 (Major)

EUR/USD One-Hour Chart, April 15, 2026

Source:TradingView.com

EUR/USD is enjoying a "bullish honeymoon" after reclaiming its major daily moving averages. While the H4 and H1 oscillators suggest a temporary breather might be healthy, the structural breakout suggests that dips are likely to be bought.

The US dollar remains under pressure, testing key support levels amid expectations of easing geopolitical tensions. The market continues to price in the possibility of renewed negotiations between the US and Iran, reducing demand for the dollar as a safe-haven asset and supporting riskier instruments. Against this backdrop, currency pairs are showing heightened sensitivity to news flow and expectations regarding further developments.

An additional source of pressure on the dollar is the decline in US Treasury yields, which is driving a reassessment of Federal Reserve policy expectations. Market participants are weighing the likelihood of policy easing, while upcoming US macroeconomic data — including business activity indicators, import prices, and housing statistics — could adjust current expectations and set the direction for further moves.

USD/JPY

USD/JPY is moving lower, pressured by a weaker dollar and falling US yields. Despite the yen’s safe-haven status, current price action is largely driven by dollar dynamics and rate expectations. The move towards support reflects a market balance where pressure on the dollar outweighs demand for defensive assets.

A break of key levels could extend the decline, although stabilisation in yields may trigger a corrective rebound. Technical analysis suggests a potential retest of 158.60. A sustained move above 159.40 would be needed to signal a return of buying interest in the dollar.

Key events for USD/JPY:

• today at 15:30 (GMT+3): NY Empire State Manufacturing Index (US);
• today at 15:30 (GMT+3): speech by Federal Reserve Vice Chair for Supervision Michael S. Barr;
• today at 20:45 (GMT+3): speech by FOMC member Michelle Bowman.

USD/CAD

USD/CAD is showing a more pronounced decline. Sellers have broken below the key 1.3800 support level, pushing the pair down towards 1.3730. A sustained move below current levels could open the way for further downside towards 1.3670–1.3700.

At the same time, profit-taking and anticipation of incoming data may lead to temporary consolidation within the 1.3730–1.3800 range. The pair remains highly sensitive to oil price fluctuations and shifting rate expectations.

Key events for USD/CAD:

• today at 15:30 (GMT+3): Canadian wholesale sales;
• today at 17:30 (GMT+3): US crude oil inventories;
• today at 21:00 (GMT+3): Federal Reserve Beige Book.

Current dynamics in USD/JPY and USD/CAD reflect a mix of geopolitical expectations, declining yields, and ongoing pressure on the dollar. Testing key support levels increases the likelihood of both continued downside in case of a break and a corrective rebound if stronger US macroeconomic data emerges.

Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips (additional fees may apply). Open your FXOpen account now or learn more about trading forex with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EUR/USD started a fresh surge above 1.1740 and 1.1780. USD/CHF declined further and is now struggling below 0.7850.

Important Takeaways for EUR/USD and USD/CHF Analysis Today

• The Euro started a major increase from 1.1665 against the US Dollar.
• There is a contracting triangle forming with support near 1.1775 on the hourly chart of EUR/USD at FXOpen.
• USD/CHF declined below the 0.7840 and 0.7825 support levels.
• There is a key bearish trend line forming with resistance near 0.7840 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1665 zone. The Euro cleared the 1.1700 barrier to move into a bullish zone against the US Dollar.

The bulls pushed the pair above the 50-hour simple moving average and 1.1750. Finally, the pair cleared 1.1765 and 1.1780. A high was formed near 1.1811 and the pair is now consolidating gains. There was a minor pullback toward the 23.6% Fib retracement level of the upward wave from the 1.1664 swing low to the 1.1811 high.

An Immediate bid zone on the downside is near a contracting triangle at 1.1775. The next area of interest could be near 1.1755 and the 50-hour simple moving average.

A downside break below 1.1755 might send the pair toward 1.1740. Any more losses might send the pair into a bearish zone toward 1.1700.

If there is a fresh increase, an immediate hurdle on the EUR/USD chart is 1.1800. The first major pivot level for the bulls could be 1.1810. An upside break above 1.1810 might send the pair to 1.1850. The next selling zone could be 1.1880. Any more gains might open the doors for a move toward 1.2000.

USD/CHF Technical Analysis

On the hourly chart of USD/CHF at FXOpen, the pair started a fresh decline from well above 0.7880. The US Dollar dropped below 0.7850 to move into a negative zone against the Swiss Franc.

The bears pushed the pair below the 50-hour simple moving average and 0.7825. Finally, the bulls appeared near 0.7790. A low was formed near 0.7789, and the pair is now consolidating losses. There was a minor recovery toward the 23.6% Fib retracement level of the downward move from the 0.7934 swing high to the 0.7789 low.

On the upside, the pair could face bears near 0.7825. The first major resistance sits near the 50-hour simple moving average at 0.7840 and a key bearish trend line.

The main barrier for an upside break could be near the 50% Fib retracement at 0.7860. A daily close above 0.7860 could start a fresh increase. In the stated case, the pair could rise toward 0.7880. The next stop for the bulls might be 0.7935.

On the downside, immediate support on the USD/CHF chart is 0.7800. The first major breakdown zone could be 0.7790. A close below 0.7790 might send the pair to 0.7740. Any more losses may possibly open the doors for a move toward 0.7700 in the coming days.

Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips (additional fees may apply). Open your FXOpen account now or learn more about trading forex with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.