EURUSD Daily Analysis – December 5, 2016

EURUSD broke below 1.0518 previous low support, indicating that the downtrend from 1.1299 has resumed. Further decline could be expected, and next target would be at 1.0300 area. Resistance levels are at 1.0689 and 1.0800, only break above these levels could signal completion of the downtrend.

eurusd chart