EUR/USD Still Stalled at Fibo Resistance - 1.2000 for 2026?Euro / U.S. DollarFOREXCOM:EURUSDFOREXcomIt was two very different outlays for EUR/USD in 2025, and perhaps surprisingly, the trend that many expected coming into the year showed very little run. EUR/USD dropped like a rock in Q4 of 2024 even as the Fed cut rates, and as we pushed through the 2025 open, it seemed that there was little expectation that the pair would not test the parity handle. But - price found a low less than two weeks into the New Year and then stalled, with an assist from a key Fibonacci retracement level plotted at 1.0200. February saw the build of an ascending triangle, but it was the March breakout that really drove the dominant trend for last year, with continuation into the end of H1 as price pushed up to find resistance at the 78.6% retracement of that same Fibonacci setup. Since then - buyers haven't been able to break much fresh ground and as we wind into the end of the year we're trading around the same levels. Given that the Euro is 57.6% of the DXY quote, this is key as to whether the US Dollar can display trending tendency into next year. On the fundamental side, the Fed seems open to more cuts but given the blistering GDP read out of the U.S. there's a very real question as to whether inflation will continue to look subdued as we get more fresh data following the government shutdown, and then there's also the question as to whether the U.S. economy is in dire need of additional rate cuts. And, even then, markets have already built in the expectation for cuts, sot that's going to be a difficult bear for USD bears to jump across. And on the part of the Euro, it's not like European growth is a great story at the moment, so as we go into 2026 it seems expectations are loaded on the long side of the EUR/USD pair and, from the chart, there's resistance ahead at the psychological level of 1.2000. - js