EURUSD Daily Analysis – December 1, 2014

EURUSD moved sideways in a trading range between 1.2358 and 1.2599. The price action in the range is likely consolidation of the downtrend from 1.2867, another fall to 1.2000 area is still possible after consolidation. Support is at 1.2358, a breakdown below this level could signal resumption of the downtrend.

eurusd chart