EURUSD Daily Analysis – December 22, 2017

EURUSD is now in short term uptrend from 1.1717, the fall from 1.1901 is likely consolidation of the uptrend. A breakout of 1.1901 resistance would trigger further upside movement to test 1.1961 resistance. Above this level could take price towards 1.2092 (Sep 8 high). Support is now at 1.1817, only a breakdown below this level could bring price back towards 1.1712 support. Below this level could take price to next support level at 1.1554, followed by 1.1380.

EURUSD 4-hour chart