EURUSD Daily Analysis – January 16, 2015

EURUSD continued its downward movement from 1.2569, and he fall extended to as low as 1.1568. Further decline could be expected over the next several days, and next target would be at 1.1400 area. Resistance levels are at 1.1725 and 1.1870, only break above these levels could signal completion of the downtrend.

eurusd chart