EURUSD Daily Analysis – December 15, 2014

EURUSD continued its sideways movement in a range between 1.2247 and 1.2599. As long as 1.2599 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.2867 (Oct 15 high), another fall to 1.2000 area is still possible after consolidation.

eurusd chart