EURUSD Daily Analysis – December 11, 2017

EURUSD extended its downside movement from 1.1961 to as low as 1.1730, facing the support level at 1.1712. A breakdown this level could take price to next support level at 1.1670, followed by 1.1554. Below these levels would aim the resistance-turned-support trend line on the weekly chart now at around 1.1390. Near term resistance is at 1.1820, only break above this level could take price back towards 1.1961 resistance. Above this level could trigger further upside movement to test 1.2092 (Sep 8 high) resistance.

EURUSD 4-hour chart