By RoboForex Analytical Department
On Monday, the EUR/USD pair is demonstrating stability, trading around the 1.0910 mark.
Last week was notable for the currency markets, as key financial updates were released. The Federal Reserve and the European Central Bank maintained their interest rates at 5.50% and 4.50% per annum, respectively. In the U.S., retail sales in November saw a modest increase of 0.3% month-on-month, following a decline in the previous month. Industrial production also showed growth, albeit slightly below expectations at 0.2%, compared to the anticipated 0.3%. This was a slight rebound from October’s decrease of 0.9%.
A significant development was the decline in the U.S. production PMI for December, which fell to 48.2 points, indicating potential concerns over high inflation levels.
With most critical data released, the currency market is now poised for a period of relative stability as it heads towards the Christmas season.
EUR/USD technical analysis
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
The EUR/USD H4 chart shows that the pair has established a consolidation range around 1.0888. Following an upward breakout, the price hit a local high of 1.1008 before correcting back to 1.0888 (testing from above). A new upward movement towards 1.1050 could initiate today. Upon reaching this level, a downward trend to 1.0727 may begin. The MACD indicator supports this view, with its signal line positioned above zero and pointing upwards.
On the EUR/USD H1 chart, the pair has finished its correction, bouncing off 1.0888. A rising structure is forming towards 1.0970, which could extend to 1.1050. Once this level is reached, a downward movement towards the first target of 1.0725 might ensue. This technical scenario is backed by the Stochastic oscillator, which shows its signal line above 80 and indicates potential further rises to new highs.
Disclaimer
Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
- Bank Indonesia raised its interest rate. Norges Bank and the SNB left rates unchanged Jun 19, 2026
- EUR/USD Loses Ground as Market Sentiment Favours the US Dollar Jun 19, 2026
- GBPUSD Awaits Bank of England Meeting Near April Lows Jun 18, 2026
- Markets disliked the results of the FOMC meeting. HKMA followed the Fed and kept its rate unchanged. Jun 18, 2026
- Gold Surges 2% Since Week Opening Amid Geopolitical Shifts and Fed Expectations Jun 17, 2026
- Your Bourse and FXPRIMUS Bring 24/7 Synthetic Indices to the Global Broker Market Jun 16, 2026
- Institutional investors continue to reduce their presence in metals Jun 16, 2026
- USDJPY Driven by Emotions: Bank of Japan Raises Rate to Highest Level Since 1995 Jun 16, 2026
- The United States and Iran have signed a peace agreement – oil has fallen to 80 dollars per barrel. Jun 15, 2026
- EURUSD Ahead of the New Week: Expecting High Volatility Jun 15, 2026
