The currency pair EUR USD had formed a cyclical multi-year high at $1.2349 in January 2021 and then went into a sell-off that lasted until September 2022. Starting from there 20-year low marked at $0.9536 the Euro bulls took over. The established one Uptrend pushed the listing up to what was seen in July $1.1276. After a to $1.0448 leading down correction The price curve has been heading north again since October. After Overcoming all relevant moving average lines and the 78.6% Fibonacci retracement, it now looks at potential next targets and barriers 1.1129/1.1149 USD and 1.1198/1.1223 USD opposite. Only above the mark of 1.1276 USD would clearer potential arise as part of the then confirmed upward trend with the target of 1.1450-1.1512 USD. In the very short term there would be a setback with a view to the Seasonality not surprising. According to data from Seasonax, the currency pair recorded declines in nine of the past 10 years between December 29 and January 3. The average return of the seasonal pattern was minus 0.73 percent (median: -0.73%). The 1.0994-1.1040 zone could act as a possible next buffer region in the event of such a pullback. Below this there would be clearer downside potential towards 1.0888-1.0930 USD and possibly 1.0831-1.0842 USD.