The Euro is maintaining a steady upward bias against the US Dollar. The daily chart shows a broader consolidation channel, but the short-term momentum is bullish as price trades above key moving averages, supported by a softer USD environment into year-end.
โถ Next Move Consolidation near $1.1720 likely precedes a test of resistance. A sustained break above **$1.1800 would signal a shift toward a longer-term bullish trend for 2026.
โถ Short & Mid-Term View Short-term: Bullish correction, with dynamic support from the 21-day EMA. Mid-term: Constructive while $1.1500 holds. Path of least resistance favors a move toward $1.20.
๐ก Pro Tip Watch the 4-hour RSI near $1.1800. An approach to 70 could signal a temporary pullback before a true breakout. Confirm volume on upward movesโavoid low-volume weekend spikes.
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