EURUSD Daily price is located above SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) for breaking the resistance levet at 1.1767 to above for the primary bullish trend to be continuing, other wise the price will be in secondary ranging within 1.1612/1.1767 support/resistance levels waiting for the direction of the secondary correction to the bearish trend to be started or for the bullish trend to be resumes. Recommendation: wait for the next daily bar to be closed above 1.1767 resistance for possible bullish.
2025.12.16 16:38
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Daily price was bounced from 200-SMA at the value of 1.1576 to above for the daily bullish breakout. Ascending triangle pattern was formed with 1.2082 resistance level to be crossed for the bullish breakout to be continuing; alternatively, the price will be on secondary ranging waiting for directio.
The daily price is continuing ranging within 1.1612/1.1767 support/resistance levels waiting for the direction waiting for the bullish trend to be resumed or for the secondary correction to the daily bearish reversal to be started.