Personally i can see EU going bullish for next week (December 26, 2016). Price is sitting on my moving average for the 3H chart. We are at Daily resistance which is 1.04513. if we can break through that level we should see a bull run back into the top of that bearish trend line. if price cant break that resistance it's okay because there are 2 last levels of support price has to break through.
i colored the 4 possible plays in different colored arrows.