EURUSD Daily Analysis – December 23, 2014

EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.2216. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Resistance is at 1.2350, only break above this level could trigger another rise to 1.2500 zone.

eurusd chart