EURUSD Daily Analysis – December 23, 2013

EURUSD is now in downtrend from 1.3810, the rise from 1.3625 is treated as consolidation of the downtrend. Further decline would likely be seen over the next several days, and next target would be at 1.3550 area. Key resistance is at 1.3810, only break above this level could trigger another rise towards 1.4500.

eurusd chart