EURUSD H1: The Price Action Forecast for the American Session on 12.2.2026

During the previous trading session, EURUSD demonstrated downward dynamics. On a longer time-frame, the upward trend still prevails.
The support and resistance levels:
The current support level is in the area of the 1.17653 mark.
The current resistance level is at the 1.18875 mark.
The Bearish Engulfing pattern formed this level. It consists of two Japanese candles: the first candle is located inside the body of the second candle.
Trading recommendations:
The latest signal prioritizes short positions intraday.