REDATOR Ben Graham Posted December 4, 2025 REDATOR Report Share Posted December 4, 2025 EUR/USD is trading around 1.1667 above 3/8 Murray and within the uptrend channel formed since November 19.The euro could undergo a technical correction in the coming hours, and EUR/USD could reach 3/8 Murray. It is expected to reach the bottom of the uptrend channel around 1.1620 if the bearish force prevails.Given that the euro is showing overbought conditions, we expect a technical correction in the coming hours. If the instrument is below the top of the uptrend channel and below 1.1670, this could be seen as an opportunity to sell with a target at 1.1620.The outlook remains positive for the euro if the price consolidates above the 200 EMA and above the 2/8 Murray around 1.1600 in the coming days. Then, any technical pullback or rebound could be seen as an opportunity to open long positions.Remember that in October, EUR/USD left a gap around 1.1740. So, if the price continues to rise above 1.1600, it could reach this level in the coming days.A decisive break below 1.1596 and below the 200 EMA could change the outlook for the euro, and we could expect it to reach 0/8 Murray around 1.1475.The material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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