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Back Technical analysis
EUR/USD Forecast on February 20, 2026
The EUR/USD pair continued its decline
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The EUR/USD pair continued its decline on Thursday and secured a close below the 61.8% corrective level at 1.1770, which now allows for expectations of further downside toward the next corrective level of 76.4% at 1.1696. A consolidation above 1.1770 would favor the euro and some growth toward the 50.0% Fibonacci level at 1.1830. The wave structure on the hourly chart remains simple. The last completed upward wave failed to break the peak of the previous wave, while the
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Grigory Sokolov
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