EURUSD Daily Analysis – December 17, 2013

EURUSD remains in uptrend from 1.3296, then fall from 1.3810 could be treated as consolidation of the uptrend. Deeper decline could be expected, and the target would be at the lower line of the price channel on 4-hour chart. However, as long as the channel support holds, the uptrend could be expected to resume, and another rise to test 1.3832 (Oct 25 high) resistance is still possible.

eurusd daily chart