EURUSD Daily Analysis – December 15, 2016

EURUSD broke below 1.0505 support, indicating that the downtrend from 1.1299 has resumed. Further decline to test 1.0462 (Mar 13, 2015 low) support could be expected in a couple of days. Resistance is at 1.0669, only break above this level could bring price back to 1.0950 zone.

eurusd chart