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Dec 29, 2025
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EUR/USD Chart on the hourtly time frameThe pair is moving within a medium-term ascending channel after a strong bounce from the bottom, but failed to maintain trading above the upper resistance zone near 1.1800, leading to a moderate corrective move. The price is currently trading near the lower boundary of the ascending move and its moving averages, while the MACD indicator shows a clear negative shift in momentum, reflecting weak short-term buying power. Overall trend: Neutral with a slight correction bias Expectation: Holding above 1.1715 could allow for a technical bounce attempt, while a break below it reinforces the correction scenario towards 1.1680.
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