EURUSD Daily Analysis – December 9, 2016

EURUSD’s upward movement from 1.0505 had completed at 1.0873 already. The pair is now in downtrend, deeper decline to test 1.0462 (Mar 13, 2015 low) support is possible. Near term resistance is at 1.0700, only break above this level could trigger another rise to 1.0950 zone.

eurusd chart