EURUSD Daily Analysis – November 24, 2014

EURUSD is facing 1.2358 support, a breakdown below this level will confirm that the downtrend from 1.2867 has resumed, then the following downward movement could bring price to 1.2000 area. Resistance is at 1.2450, only break above this level will indicate that lengthier sideways movement is underway, then further rise to test 1.2599 resistance could be seen.

eurusd chart