Market Summary - February 26, 2026

The US dollar has shown significant strength today, influenced by robust labor market data and rising oil prices. This has resulted in downward pressure on both the EUR/USD currency pair and commodities such as silver and Bitcoin.

EUR/USD Performance

The EUR/USD pair has experienced a decline of nearly 0.3%, falling from 1.1827 to 1.1775. This downward trend reflects the broader strength of the US dollar in the forex market.

Silver Market Update

Silver prices have retreated to approximately $87 per ounce after testing the $90–91 per ounce range, a significant technical level. Analysts suggest that a stronger bearish trend could push prices below the 50-day EMA, with a potential retest of the $70 per ounce mark if the bearish momentum continues. Conversely, reclaiming the $90 level is crucial for bullish traders.

Bitcoin Analysis

Bitcoin has also faced selling pressure, slipping below the $67,000 mark. The cryptocurrency is currently consolidating within a narrow range between $60,000 and $70,000. The recent test of the upper boundary of this range has highlighted the structural weaknesses in the crypto market, as sellers have taken control.

Conclusion

Overall, the market is reacting to macroeconomic factors, with the US dollar gaining strength at the expense of both the euro and commodities like silver and Bitcoin. Traders are advised to monitor these developments closely as they could influence future market movements.