EURUSD Daily Analysis – January 15, 2015

EURUSD’s downward movement from 1.2569 extended to as low as 1.1744. Further decline could be expected, and next target would be at 1.1500 area. Resistance is now at 1.1870, only break above this level will indicate that lengthier consolidation for the downtrend is underway, then further rally to 1.1950 area could be seen.

eurusd chart