An spectacular holiday season breakthrough may be in store, according to the EUR/USD price analysis

The target for an explosive breakout by EUR/USD bears is the trendline support.
Because the price is being resisted, a break of 1.0575 will definitely encourage the bears to pursue a break of 1.0500. In accordance with the earlier study, EUR/USD Price Analysis: When testing bulls at a crucial support structure, bears grit their teeth and restrict the bull's attempts to rise higher. The price has begun to coil on the backside of the previous bullish trend, but as the following example shows, the Euro is still in ahead of the more dominating bullish trend.

EUR/USD Prior Analysis

 

Given the holidays, a narrow range might still provide the fuel for the same in the full trading days between Christmas and New Year's. The aforementioned chart highlighted the potential for an explosive move below trendline support.

EUR/USD Update