FPG EURUSD Market Report December 2, 2025

EURUSD continues to move within a rising channel structure, showing a clear upward bias after rebounding strongly from the support zone around 1.1554. The pair recently retested the upper boundary near 1.1652, where strong selling pressure pushed the price lower. Despite the pullback, the broader price action still reflects a series of higher lows, signaling that bullish momentum remains intact as long as the price stays above key support levels.

Technical indicators show reduced bullish strength but not a full reversal. The MACD histogram is flattening after peaking, suggesting slowing momentum, while the signal lines remain above the zero level. The RSI has dipped toward the mid-40 region, indicating cooling conditions but still avoiding oversold territory. The Bollinger Bands remain expanded from recent volatility, and multiple Parabolic SAR flips highlight choppy corrective phases typical after touching major resistance.

The current technical setup aligns well with recent fundamental drivers affecting the EURUSD. The rejection from 1.1652 reflects sensitivity to shifting expectations around U.S. interest rates, which temporarily strengthened the dollar and capped upside movement. Meanwhile, stable Eurozone sentiment and improving risk appetite support the medium-term bullish channel. Together, these technical patterns and fundamental influences reinforce the importance of levels in determining the next directional move.

Market Observation & Strategy Advice

1. Current Position: EURUSD is trading around 1.1603, moving within a well-defined rising channel. Recent price action shows a pullback after testing the upper boundary near 1.1652, indicating short-term selling pressure but still maintaining a broader bullish structure with higher lows.

2. Resistance Zone: Immediate resistance is seen at 1.1612, with the next major ceiling located at 1.1652—the level that previously rejected the upside. A clear break and sustained move above this region could open the path toward further bullish continuation.

3. Support Zone: Near-term support around 1.1554–1.1580, aligning with the channel’s lower boundary. Below that, a deeper support level stands at 1.1490, which acted as a strong bounce point in the previous correction.

4. Indicators: MACD shows fading bullish momentum but stays above the zero line, suggesting the trend has not reversed. RSI around 43–44 reflects cooling conditions but no oversold signal. Bollinger Bands remain expanded from earlier volatility, and the Parabolic SAR flips indicate short-term corrective movement within an overall uptrend.

5. Trading Strategy Suggestions:

• Buy on Dips: Look for buying opportunities around 1.1560–1.1555, where dynamic channel support and historical demand converge.
• Breakout Confirmation: A bullish breakout above 1.1612, followed by a strong candle close, may signal renewed upward momentum toward 1.1652 and beyond.
• Reversal Opportunity: If price breaks below 1.1554 decisively, short-term bearish momentum may unfold toward 1.1490, offering potential sell setups.

Market Performance: 

Forex Last Price % Change

USD/JPY  155.58  +0.11%

GBP/USD 1.3207  −0.04%

Today’s Key Economic Calendar:

AU: Building Permits MoM Prel

US: Fed Chair Powell Speech

JP: Consumer Confidence

UK: Nationwide Housing Prices MoM & YoY

EU: Inflation Rate YoY Flash

EU: Unemployment Rate

US: Fed Bowman Speech

Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.

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