EURUSD Daily Analysis – November 17, 2014

EURUSD broke above 1.2508 resistance, indicating that the downtrend from 1.2867 had completed at 1.2358 already. Further rally would likely be seen, and next target would be at 1.2600 – 1.2650 area. Support is at 1.2358, only break below this level could trigger another fall towards 1.2000.

eurusd chart