FX.co ★ EUR/USD. Technical Analysis on December 2, 2025

Trend Analysis (Fig. 1)

On Tuesday, from the level of 1.1608 (yesterday's daily candle close), the market may continue moving downward toward the target of 1.1575 — the 23.6% retracement level (yellow dashed line). When testing this level, the price may possibly rebound upward with the target of testing the 61.8% retracement level at 1.1592 (blue dashed line).

Fig. 1 (daily chart)

Comprehensive Analysis:

• indicator analysis — down;
• volume analysis — down;
• candlestick analysis — down;
• trend analysis — down;
• Bollinger Bands — down;
• weekly chart — down.

Overall conclusion: a downward trend.

Alternative scenario:From the level of 1.1608 (yesterday's daily candle close), the price may continue moving downward toward the target of 1.1556 — a historical support level (light-blue dashed line). Upon testing this level, the price may possibly rebound upward toward 1.1575 — the 23.6% retracement level (yellow dashed line).