EURUSD Weekly Analysis - December 7, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 07 December 2014 11:46 UTC
After consolidation, EURUSD continued its downward movement from 1.3993, and the fall extended to as low as 1.2271. Further decline could be expected and next target would be at 1.2000 area. Near term resistance is at the top of the price channel on daily chart, and the key resistance is at 1.2599, only break above this level could signal completion of the downtrend.

eurusd chart

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