EURUSD Daily Analysis – January 14, 2015

EURUSD is in consolidation of the downtrend from 1.2569. Range trading between 1.1754 and 1.1975 would likely be seen in a couple of days. Resistance is at 1.1975, as long as this level holds, the downtrend could be expected to resume, and another fall to 1.1500 area is still possible. Support is at 1.1754, a breakdown below this level could signal resumption of the downtrend.

eurusd chart