EURUSD Daily Analysis – December 13, 2016

EURUSD failed to break below 1.0505 support and rebounded to 1.0650 area. However another fall to test 1.0505 support is still possible, a breakdown below this level will signal resumption of the downtrend from 1.1299, then next target would be at 1.0400 area. Resistance is at 1.0680, only break above this level could trigger another rise to 1.0950 zone.

eurusd chart