EURUSD Daily Analysis – October 30, 2014

EURUSD is facing 1.2613 support, a breakdown below this level will signal resumption of the downtrend from 1.2867, then further decline to test 1.2500 support could be seen. Resistance is at 1.2770, only break above this level could trigger another rise to 1.3000 area.

eurusd chart