EURUSD Daily Analysis – November 18, 2014

EURUSD’s upward movement extended to as high as 1.2577. Further rise is still possible, and next target would be at 1.2600 – 1.2650 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could trigger another fall towards 1.2000.

eurusd chart