Don’t Rush to Call the Top on EURUSDEURUSD in the late December 20–21 period is showing a clearly bullish picture , supported by both fundamental news and technical structure . This is not a euphoric phase , but rather a period where the market slows down to accumulate before making its next move.
From a fundamental perspective, the ECB has kept interest rates unchanged and delivered a relatively positive outlook, while the USD lacks fresh momentum as U.S. data has not been strong enough to push the Fed back into a hawkish stance. This backdrop allows the euro to maintain a short-term advantage.
On the chart, price remains firmly above the 1.1680 support zone , and the Higher Low structure is still intact. The Ichimoku setup shows sideways movement above a thin cloud , a condition that often appears before a trend continuation rather than a reversal.
As long as the current support holds , the preferred scenario remains EURUSD pushing higher toward 1.1750, with the potential to retest the upper resistance zone. When the trend has not broken , following the flow is far wiser than trying to predict a top.
