EURUSD Daily Analysis – January 20, 2014

EURUSD broke below 1.3548 support and reached as low as 1.3507, suggesting that the downward movement from 1.3892 has resumed. Further decline could be expected in a couple of days, and next target would be at 1.3450 area. Resistance1.3580, as long as this level holds, the downtrend from 1.3699 will continue.

eurusd chart