EURUSD Daily Analysis – December 3, 2014

EURUSD is facing 1.2358 support again, a breakdown below this level will signal resumption of the downtrend from 1.2867, then next target would be at 1.2000 area. Resistance is at 1.2460, 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