EURUSD Daily Analysis – January 9, 2015

EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.1754. Further decline could be expected after a minor consolidation, and next target would be at 1.1500 area. Resistance levels are at 1.1880 and 1.1975, only break above these levels could signal completion of the downtrend.

eurusd chart