EURUSD Daily Analysis – January 22, 2015

EURUSD remains in downtrend from 1.2569, the rise from 1.1459 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.1300 area. Resistance levels are at 1.1680 and 1.1870, only break above these levels could signal completion of the downtrend.

eurusd chart