EURUSD Daily Analysis – January 4, 2017

EURUSD broke below 1.0352 support, indicating that the downtrend from 1.1299 (Nov 9, 2016 high) has resumed. Further decline could be expected and next target would be at 1.0200 area. Resistance levels are at 1.0500 and 1.0653, as long as these levels hold, the downtrend will continue.

eurusd chart