EURUSD Technical Update
· Forex · QuoteReporter
EURUSD Technical Update
Published: December 15, 2025
Technical Analysis
**Market Overview**
The EURUSD pair is currently trading at 1.17368, gaining strength against the US dollar. The market appears to be in a bullish phase across all timeframes as the current price is above all moving averages (MA21, MA50, and MA200). This suggests that there is a strong buying sentiment in the market.
**Trend Analysis**
Our short, medium, and long-term trend analysis for the pair shows an uptrend. The price has been consistently trading above the MA21, MA50, and MA200, which indicates that the pair is bullish in the short-term, medium-term, as well as the long-term.
**Support and Resistance Analysis**
The first support level at 1.16517 is the closest to the current price and may provide a cushion if the pair starts to pull back. The second and third support levels are at 1.15642 and 1.15207 respectively, which could be tested if the pair experiences a significant decline.
On the upside, the first resistance level is at 1.17643, which could limit short-term gains. If the pair manages to break this level, it might attempt to test the second resistance at 1.17808 and then the third at 1.20189. The third resistance level is critical as it represents the highest price level in recent time and a break above it would be a significant bullish signal.
**Fibonacci Level Analysis**
Currently, the pair is trading closer to the 0.0% Fibonacci retracement level, which is acting as a resistance. If the pair can break above the 0.0% level (1.19179), it will be a highly bullish signal. On the downside, the 23.6% level (1.15070) is the nearest significant support. The 50.0% and 61.8% levels seem far off from the current price, but they could come into play if there is a major trend reversal.
**Overall Technical Outlook**
The overall technical outlook for the EURUSD pair is bullish. This is based on the price trading above all key moving averages, the short, medium, and long-term upward trend, and the proximity to the 0.0% Fibonacci level. However, traders should keep an eye on the first resistance level at 1.17643 and the first support level at 1.16517, as they could be key in determining the pair’s next direction.
Fibonacci Retracement Levels
UPTREND Movement (247 days)
Starting Point (100%): 1.01768 on January 13, 2025
Ending Point (0%): 1.19179 on September 17, 2025
| Level | Price | Distance | Status |
|---|---|---|---|
| 0.0% | 1.19179 | +0.01811 (+1.54%) | RESISTANCE ↑ |
| 23.6% | 1.15070 | -0.02298 (-1.96%) | SUPPORT ↓ |
| 38.2% | 1.12528 | -0.04840 (-4.12%) | SUPPORT ↓ |
| 50.0% | 1.10473 | -0.06895 (-5.87%) | SUPPORT ↓ |
| 61.8% | 1.08419 | -0.08949 (-7.62%) | SUPPORT ↓ |
| 78.6% | 1.05494 | -0.11874 (-10.12%) | SUPPORT ↓ |
| 100.0% | 1.01768 | -0.15600 (-13.29%) | SUPPORT ↓ |
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