EURUSD Daily Analysis – December 31, 2014

EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.2569. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2000 area. Key resistance is now at 1.2220, only break above this level could signal completion of the downtrend.

eurusd chart