EURUSD Daily Analysis – January 3, 2017

EURUSD remains in downtrend from 1.1299 (Nov 9, 2016 high), the rise from 1.0352 could be treated as consolidation of the downtrend. Resistance is at 1.0700, as long as this level holds, the downtrend could be expected to resume, and further decline to 1.0200 area is still possible.

eurusd chart