EUR/USD is positioned at the top of two long-term channels

Dec 11, 2025

As you can see, EUR/USD EURUSD is currently testing the upper boundary of two major channels on both the weekly and daily timeframes.

1) Daily Timeframe Analysis

On the daily chart, the dollar completed a five-wave impulsive move into the channel’s upper resistance.

After reaching this level, price has started a correction.

Wave A has already finished with a clear five-wave structure.

Price is now forming wave B.

Based on the current structure, wave B is likely to extend:

At minimum, into the Gap Zone, and

At maximum, into the Resistance Zone
(both areas are clearly marked on the daily chart).

From either of these areas, I expect the beginning of wave C, which will likely push the pair down toward the Support Zone.

2) Weekly Timeframe Confirmation

In the weekly chart (Chart B), EUR/USD has reached:

The top of its major ascending channel, and

The 100% extension of the previous leg.

This confluence significantly strengthens the bearish scenario.

3) Additional Charts Coming

I will also upload the hourly EUR/USD chart on my TradingView page to provide a clearer and more detailed outlook.

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I’d be happy to hear your thoughts and feedback.

Dec 12, 2025

Note

The gap has been filled.