EURUSD Daily Analysis – December 19, 2016

EURUSD’s downward movement from 1.0873 extended to as low as 1.0366. Further decline could be expected after a minor consolidation, and next target would be at 1.0200 area. Resistance levels are at 1.0550 and 1.0669, as long as these levels hold, the downtrend will continue.

eurusd chart