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Dec 05, 2025
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EUR/USD Chart on the hourtly time frameThe EUR/USD pair is trading near 1.1657 after a strong rally from the 1.1540 support level, benefiting from a weaker dollar and a relative improvement in risk appetite. Price action is moving within an ascending channel, while the MACD indicator shows clear positive momentum, albeit with a slight slowdown. The pair faces strong resistance at 1.1685, and a break above this level could push the price towards 1.1710. The nearest support lies between 1.1625 and 1.1600. Overall trend: Upward Expectation: Holding above 1.1625 strengthens the upward momentum, while a break below this level could trigger a correction towards 1.1600.
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