EURUSD Daily Analysis – January 6, 2014

EURUSD’s downward movement from 1.3892 extends to as low as 1.3578. Resistance is now at 1.3680, as long as this level holds, the downtrend could be expected to continue, and the target would be at 1.3400 area. Only break above 1.3680 resistance could signal completion of the downtrend.

eurusd chart