EURUSD Daily Analysis – December 21, 2017

EURUSD broke above 1.1862 resistance, indicating that the downside movement from 1.1961 had completed at 1.1717 already. Further rise could be expected and next target would be at 1.1961 resistance. A breakout of this level would aim 1.2092 (Sep 8 high). Near term support is at 1.1825, only a breakdown below this level could bring price back towards 1.1712 support.

EURUSD 4-hour chart