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Daily Technical Analysis : Major Currencies Weaken Against The Us Dollar As The Dollar Index Rebounds Above 97

February 17, 2026, 08:09

Major Currencies Weaken Against The Us Dollar As The Dollar Index Rebounds Above 97

EURUSD Technical Analysis

EURUSD is trading near 1.1845 after failing to hold above 1.1930. The 1H chart shows a clear rejection from the 1.1920–1.1930 resistance zone followed by lower highs and steady downside drift.

Price is trading below the short term moving averages and below the longer term moving average MA(30), confirming bearish short term trend.

MACD momentum remains weak and slightly negative. There is no strong bullish divergence yet, suggesting downside continuation risk remains.

The overall bias is bearish below 1.1900. However, a break below 1.1830 may accelerate toward 1.1800.

EURUSD 1H Chart

EURUSD 1H Chart 17-02-2026
Resistance1.18561.18801.1900
Support1.18321.18051.1785

Gold Technical Analysis

Gold is trading near $4,890 after a sharp bearish breakdown from the $5,119 high. The structure shows a clear impulsive sell off, followed by weak recovery attempts and renewed downside pressure.

Price is trading below all major short term moving averages, and the 30-period moving average has turned downward. This confirms short term bearish structure. The recent breakdown below $4,920 support accelerated selling toward $4,860–$4,880 zone.

Bias on the precious metal is currently bearish below $5,000. Any rallies toward $4,970–$5,000 may attract sellers unless strong bullish divergence forms.

Gold 1H Chart

Gold 1H Chart 17-02-2026
Resistance$4,971$5,000$5,053
Support$4,858$4,800$4,762

Bitcoin Technical Analysis

Bitcoin is currently trading around $68,400 after failing to sustain gains above the $71,000 high. The structure shows a clear short term rejection from the $71,000 resistance zone, followed by a series of lower highs and mild distribution.

From a moving average perspective, price is now trading slightly below the short term moving averages MA(5) and MA(10), while the 30-period moving average is flattening. This signals loss of bullish momentum and transition into consolidation or bearish bias even. The failure to hold above $69,500–$70,000 confirms that sellers are defending the upper range.

MACD shows weakening bullish momentum, suggesting continuation risk to the downside unless a strong bullish crossover develops.

The overall bias in the short term is now neutral to bearish unless price reclaims $70,000 with strong momentum.

Bitcoin 1H Chart

Bitcoin 1H Chart 17-02-2026
Resistance$69,173$70,082$70,943
Support$67,768$67,248$66,615
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