EURUSD Daily Analysis – January 21, 2015

EURUSD is in consolidation of the downtrend from 1.2569. Range trading between 1.1459 and 1.1870 would likely be seen in a couple of days. Key resistance is at 1.1870, as long as this level holds, the downtrend could be expected to resume, and another fall towards 1.1300 is still possible.

eurusd chart