EURUSD Daily Analysis – December 27, 2013

EURUSD remains in downtrend from 1.3810, the rise from 1.3625 is likely consolidation of the downtrend. Initial resistance is at 1.3740, as long as this level holds, the downtrend could be expected to resume, and one more fall towards 1.3400 is still possible. Key resistance is at 1.3810, only break above this level could trigger another rise towards 1.4500.

eurusd chart