Forex and Cryptocurrency Forecast for February 09–13, 2026

The past trading week was marked by heightened volatility across global markets, driven by shifting risk sentiment, uneven macroeconomic data, and profit-taking after strong January moves. Currency pairs traded without a clear directional trend, commodities experienced sharp intraday swings, and cryptocurrencies remained under pressure following a deep correction from recent highs. By the end of trading on Friday, February 06, EUR/USD closed near 1.1817, Brent crude oil settled around $68.05 per barrel, gold (XAU/USD) finished the week at $4,976.80, while bitcoin (BTC/USD) is trading near 68,086 as of Saturday, February 07. Market participants enter the new week focused on key technical levels and the sustainability of recent rebounds.

EUR/USD

The EUR/USD pair remains within a consolidation range near 1.18, attempting to stabilise after uneven price action seen earlier in the month. The pair is trading close to key support levels, while technical indicators suggest a lack of strong directional momentum.

In the coming week, EUR/USD may attempt a decline toward the 1.1740–1.1765 support area. If buyers defend this zone, an upward rebound and renewed growth toward 1.1900–1.1950 are possible. A break above 1.1875 would confirm bullish momentum and open the way toward the upper boundary of the medium-term range.

A confident breakout below 1.1680 would cancel the bullish scenario and indicate a continuation of the decline toward 1.1600–1.1540.

Baseline view: cautiously bullish while EUR/USD holds above 1.1765.

Bitcoin (BTC/USD)

Bitcoin is trading near 68,086, remaining under pressure after a sharp correction from recent highs. Despite short-term rebounds, the overall structure still reflects fragile market sentiment, with sellers active near resistance levels.

During the upcoming week, BTC/USD may attempt a corrective rise toward the 71,000–73,000 resistance zone. A rebound from this area could trigger a renewed decline, with downside targets near 65,000–62,500. Sustained trading below 70,000 keeps bearish risks elevated.

A breakout and consolidation above 75,000–77,000 would cancel the bearish scenario and signal renewed growth toward 80,000–83,500.

Baseline view: neutral-to-bearish while BTC/USD remains below 73,000.

Brent Crude Oil

Brent crude oil prices ended the week near $68.05 per barrel and continue to trade within a descending price channel. Despite attempts to stabilise, the overall trend remains bearish, supported by downward-sloping moving averages.

In the upcoming week, Brent may attempt a corrective rebound toward the $69.50–70.80 resistance area. From this zone, a downward reversal and a continuation of the decline toward $64.80–63.50 are possible.

A breakout above $72.00 would invalidate the bearish scenario and indicate a recovery toward $75.00–77.00.

Baseline view: bearish while Brent remains below $70.80–72.00.

Gold (XAU/USD)

Gold closed the trading week at $4,976.80, maintaining a wide trading range amid heightened market volatility. Despite recent corrections, the broader technical structure remains bullish, with long-term trends still favouring buyers.

In the coming week, XAU/USD may attempt a corrective pullback toward the $4,770–4,680 support area. From this zone, an upward rebound and renewed growth toward $5,150–5,205 are expected.

A confident breakout below $4,680 would cancel the bullish scenario and indicate a deeper correction toward $4,550–4,500.

Baseline view: bullish while gold holds above $4,770.

Summary

The second week of February may remain volatile as markets continue to adjust after sharp recent moves. EUR/USD is likely to stay range-bound unless a clear break from key support or resistance occurs. Bitcoin remains vulnerable below major resistance zones, while Brent crude oil continues to face downward pressure within a broader bearish trend. Gold retains a bullish bias, provided key support levels remain intact.

NordFX Analytical Group

Disclaimer: These materials are not an investment recommendation or a guide for working on financial markets and are for informational purposes only. Trading on financial markets is risky and can lead to a complete loss of deposited funds.

Forex and Cryptocurrency Forecast for February 09–13, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.