EURUSD Forecast Analysis - February 17, 2026

EURUSD Forecast Analysis – February 17, 2026

As traders prepare for the coming week, the EUR/USD currency pair showcases intriguing dynamics. Recent economic events and sentiment-driven trends are shaping the market landscape, with key indicators signaling potential trading opportunities. With the ECB President Lagarde scheduled to speak on February 15, traders are keen to gauge the market’s reaction to her remarks, as they could significantly influence the Euro’s value against the US Dollar.

Overview of What The Article Will Cover:

Toggle

✅ Overview

The EUR/USD pair is currently showing mixed signals as it trades around 1.18499. Recent price action suggests a bearish sentiment, especially with several short-term moving averages indicating sell positions. However, longer-term trends reveal a bullish bias supported by key moving averages, hinting at possible upward momentum if the market reacts positively to upcoming economic events.

✅ Market Trends & Trading Strategies

With the current price hovering near pivotal support levels and a bearish trend prevailing in the short-term, traders might consider waiting for a confirmation of trend reversal before entering long positions. Conversely, those looking for short opportunities may find attractive setups around resistance levels. The upcoming economic data release could further exacerbate these trends, influencing market direction significantly.

For medium to long-term traders, maintaining a watchful eye on the moving averages will be essential. The divergence in short-term bearish signals against long-term bullish indicators suggests that volatility may present opportunities for profit. Traders should remain flexible, adapting strategies as new information surfaces in the market.

✅ EURUSD Trading Strategies

🎯Current Trend: 📉 Bearish
🎯Price Action: EUR/USD is trading above the support at 1.18357, testing minor resistance at 1.18605.
🎯Day Trading (15 mins – 1 hour): Consider short positions near 1.18605 targeting the support level at 1.18357, while also being cautious of potential reversals.
🎯Swing Trading (4 hours – 1 week): Holding long positions above 1.18087 could yield profits, especially if upcoming news favors the Euro.
🎯Contrarian Strategy: If 1.18605 fails to hold, short positions targeting 1.18016 may be viable for reversal traders.

✅ Detailed Pair Analysis

The EUR/USD pair has critical support at 1.18357 and resistance at 1.18605. The price action indicates that the pair is currently testing these zones, making them significant for traders. Watching how the market reacts at these levels will be crucial for determining the next move. Should the price break below support, a further decline may follow, whereas a rebound at resistance could lead to opportunities for re-entry.

Economic events are also set to play a significant role in shaping the market. The upcoming ECB President Lagarde’s speech on February 15 could provide insights into the central bank’s stance, potentially influencing the Euro’s value. Additionally, data on Industrial Production is scheduled to be released, which could further impact market sentiment.

✅ Additional Trading Strategies

🎯 Trend Reversal: Look for signs of reversal when the price approaches 1.18357, targeting a bounce back towards 1.18605.
🎯 Momentum Plays: If EUR/USD breaks through 1.18605, consider entering with momentum for potential short-term gains towards 1.1894.

In the world of Forex, understanding the nuances of moving averages can greatly enhance trading strategies. For more insights on this topic, check out our article on [moving average power bi](https://www.forexfinancetips.com/10-essential-insights-into-moving-average-power-bi-for-forex-trading/).

✅ Conclusion

In summary, traders should stay informed about upcoming events such as the ECB President’s speech and Industrial Production data, as these could induce volatility and market shifts. Monitoring sentiment indicators and price action will be vital for adjusting strategies accordingly. Given the current trend, expect potential movement towards 1.18605 if bullish momentum holds. Every day we analyze the market closely and provide trading insights for the future, so we invite you to come back for updates and more insights.

Expand Your Knowledge

Start Trading Today

Ready to take your forex trading to the next level? Open an account with Exness, one of the most trusted platforms in the industry. 👉 Sign Up Now and trade with confidence!

My recommended broker stands out with ultra-low spreads for beginners, instant withdrawals, and zero spread accounts for pro traders.
Trusted since 2008, lightning-fast execution, no hidden fees, and a secure, transparent trading environment—giving you the edge you need to succeed. 🚀