EURUSD Daily Analysis – November 20, 2014

EURUSD’s upward movement from 1.2358 extended to as high as 1.2599. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.2650 area. However, a clear break below the trend line support could signal completion of the uptrend, then the following downward movement could bring price to 1.2000 area.

eurusd chart