EUR/USD picks up from lows in a calm year-end session

💡 DMK Insight

EUR/USD just flipped positive on the daily chart, and here’s why that matters: Finding support at 1.1720 is a bullish signal, especially with the pair trading above 1.1750 as we head into the US session. This level could act as a springboard for further gains, particularly if we see a strong US economic report that fails to impress. Traders should keep an eye on the 1.1800 resistance level, which could be the next target if momentum builds. If the pair breaks above this, it could trigger more buying from both retail and institutional players. But don’t ignore the flip side—if we see a reversal back below 1.1720, it could indicate weakness and prompt a sell-off. Watch for any news or data releases that could influence the dollar, as volatility could spike. The market’s reaction to upcoming US economic indicators will be crucial, so stay alert for any shifts in sentiment that could impact this pair in the near term.