Last week was marked by a deterioration in the overall market sentiment, which ultimately led to declines in indices and gains in the US dollar.
The USD is once again benefiting from the current risk-off sentiment in the markets, but is there room for further bullish movement?
EUR/USD at 4 hours time frame chart
Source: xStation 5
USDIDX
When we analyze the chart for the EUR/USD pair, we are unable to identify any technical signals that indicate whether the pair can or cannot continue to depreciate.
However, upon analyzing the US dollar index using technical analysis, we can observe that the price is currently testing the neckline zone of a double bottom chart pattern. This could potentially assist the USD in reclaiming some lost ground, particularly against the euro.
Source: xStation 5
Henrique Tomé,
Analyst at Portugal
🛢️WTI crude tests $90. Brent below $100
UK borrowing is above target, again, as Brent gets back above $100
Economic Calendar - Another day of central bankers' speeches. Is AUDUSD responding to inflation risks?
Morning Briefing: Global Markets Riding AI Wave, Rising Geopolitical Tensions, and Hawkish Central Banks (22.09.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.