EURUSD Daily Analysis – December 4, 2014

EURUSD broke below 1.2358 support, indicating that the downtrend from 1.2867 (Oct 15 high) has resumed. Further decline could be expected, and next target would be at 1.2000 area. Resistance is at 1.2400, as long as this level holds, the downtrend will continue.

eurusd chart