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Back Technical analysis
EUR/USD Forecast on February 12, 2026
During Wednesday, the EUR/USD pair reversed
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During Wednesday, the EUR/USD pair reversed in favor of the U.S. dollar and consolidated below the 38.2% Fibonacci retracement level at 1.1889. Thus, the decline may continue today toward the next Fibonacci level of 50.0% at 1.1830. A consolidation above 1.1889 would favor the euro and a resumption of growth toward the 23.6% retracement level at 1.1963. The wave structure on the hourly chart remains simple. The last completed downward wave did not break the previous wave's low, and
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Grigory Sokolov
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