Euro Dollar significantly narrowed the area of fluctuations

Euro Dollar significantly narrowed the area of fluctuations

EUR/USD trading talks December 13

Euro Dollar significantly narrowed the area of fluctuations this week under the pressure of the 1.0600 level, which has already been reached several times but has not been passed. This may indicate that a fall is still more likely at this stage than breaking through the key level of 1.0600. Nevertheless, such a possibility should not be excluded even after a short-term fall, because the uptrend has not yet been broken and can be extended.
On the hourly chart, the EMA levels are very close to the price and will be markers of further decline. Crossing of EMA 100 1.05310 will be the primary signal, while EMA 200 1.05050 will be the key level to confirm the fall. If the price falls below 1.05000 and consolidates below this support area, then I consider this a signal to fall to EMA 100 on the four-hour chart 1.04450, which is also the support area of the current uptrend. The next levels are the 4-hour EMA 200 at 1.03100 and key support at 1.02230.
As confirmation of a possible fall, I would like to note the divergence of the four-hour MACD, and the weak, so far, the primary signal (the signal line crossing) on the daily MACD.

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