EURUSD Daily Analysis – December 2, 2014

EURUSD continued its sideways movement in a range between 1.2358 and 1.2599. As long as 1.2599 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.2867, one more fall to 1.2000 area is still possible after consolidation.

eurusd chart