Market View: Friday, February 20, 2026
The US dollar shows its best weekly performance since last October; gold trades in a range above $5,000; EURUSD stays under pressure below 1.18000 due to the stronger dollar; Bitcoin shows attempts to recover.
- USD is supported by the solid US labor data, and ongoing geopolitical tensions also increase demand for the greenback as a safe-haven asset.
- Geopolitical risks continue to support safe-haven demand as well, but a stronger USD is putting pressure on gold.
- EURUSD is neutral-to-bearish. The dollar’s pressure dominates the pair’s behaviour as it is sensitive to the US macro data.
- Bitcoin failed to break the $70,000 resistance. However, short-term technical indicators show attempts to recover, but the breakout is not anticipated.
Today’s focus
| US GDP (QoQ) (Q4) due at 15:30 MT time |
FX snapshot
XAUUSD
A break above the current $5,050 resistance could open the way toward $5,100. At the same time, a failure to hold the recent support zone may push gold back toward the $4,950 line.
EURUSD
Currently, the dollar gains the upper hand, and if its strength continues, a drop toward 1.17000 is possible.
BTC
Bitcoin faces a serious risk of falling toward $60,000 should the bearish momentum increase.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 5,000 | 5,050 | Neutral-to-bullish |
| EURUSD | 1.17400 | 1.17600 | Neutral-to-bearish |
| BTC | 67,000 | 68,000 | Neutral-to-bearish |
Market sentiment
The market sees the dollar supported by strong macro data. Today, the US GDP numbers could help the greenback gain additional profits, should the data show better-than-expected results.
