EURUSD Daily Analysis – November 15, 2016

EURUSD’s downward movement from 1.1299 extended to as low as 1.0709. Further decline is still possible after a minor consolidation and next target would be at 1.0600 area. Resistance levels are at 1.0840 and 1.0900, as long as these levels hold, the downtrend will continue.

eurusd chart