Published: 9 December 2025,02:58
Chart The Market
EURUSD, H4:
The EURUSD pair continues to trade within a constructive bullish trajectory, having appreciated more than 1.5% from its recent swing low. The price action is now shaping a bullish wedge (or rising wedge) pattern, characterized by higher lows within a converging range—a formation that typically represents a consolidation within a prevailing uptrend.
The immediate technical focus is a decisive breakout above the wedge’s upper boundary. Such a move would signal a resolution of the current consolidation and likely trigger the next leg higher, reinforcing the broader bullish structure. The convergence point of the wedge, coupled with the nearby 1.1650 resistance level, represents the key hurdle for bulls to overcome.
Momentum indicators reflect the ongoing consolidation phase. The Relative Strength Index (RSI) is retreating from overbought levels, while the Moving Average Convergence Divergence (MACD) is moderating toward its zero line. This configuration suggests the strong bullish momentum from the initial rally is indeed easing, which is typical during a period of range formation.
Resistance Levels: 1.1705, 1.1810
Support Levels: 1.1540, 1.1450
BTC, H4
Bitcoin has confirmed a significant shift in market structure, breaking decisively above its long-term downtrend resistance line to establish trading within a defined uptrend channel. This dual technical development provides strong evidence of a bullish trend reversal, indicating that the previous corrective phase has likely concluded.
The breakout’s validity now faces its next critical test at the $93,500 resistance level—the prior significant high. A sustained move above this threshold would further solidify the bullish bias and likely trigger accelerated buying momentum, opening a path toward the psychologically important $100,000 zone.
Momentum indicators substantiate the improving technical picture. The Relative Strength Index (RSI) is trending higher from neutral territory, reflecting building buying pressure. Concurrently, the Moving Average Convergence Divergence (MACD) is forming a pattern of higher lows while holding in positive territory, confirming that bearish momentum has dissipated and a new bullish cycle is gaining strength.
Resistance Levels: 93580.00, 101,365.00
Support Levels: 58,515.00, , 77,330.70
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