The artificial holiday season trend has ended. Important confluence of time and price in Gann
theory. The most important dates of the year are Jan 3rd-7th where the highest probability highs and lows of the year are made on or around those dates. Firm rejection of any higher movement, unable to break another Gann
angle, unable to breach it's next resistance arc. In fact, the resistance arc violently denied EURUSD
anymore upwards momentum. High probability of a long term trend change at these levels. Price could still test and go up towards the 1.2120 zone, but the highest probabilities are for heavy downwards momentum.