EURUSD Daily Analysis – November 25, 2016

EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1299. Further decline to test 1.0462 (Mar 13, 2015 low) support would likely be seen in a couple of days. Near term resistance is at the downtrend line, and the key resistance is at 1.0657, only break above this level will indicate that the downtrend had completed at 1.0518 already, then the following upward movement could bring price back to 1.0800 zone.

eurusd chart