EURUSD remains in downtrend from 1.2569, the rise from 1.1861 is likely consolidation of the downtrend. Resistance is at 1.2050, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.1700 area. Only break above 1.2050 resistance could signal completion of the downtrend.
For more short term forex analysis and info visit via EURUSD Daily Analysis - January 6, 2015 . Thanks for your support.
No comments:
Post a Comment