Daily Forex Analysis – December 9, 2010

December 24, 2010 | In: Forex

EURUSD Analysis. EURUSD formed a cycle top at 1.3437 level on 4-hour chart. Another fall to 1.3050 area is still possible later today. Resistance is at 1.3437, only break above this level could indicate that the downward movement from 1.4281 had completed at 1.2969 already, then the following uptrend could bring price to 1.3600-1.3700 area. [...]

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