EURUSD: The falling 10-day MA currently at 1.2257 caps

FX:EURUSD   Euro / U.S. Dollar
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EURUSD             posted a new YTD low at 1.2164 on December 23, 2014. The falling 10 day moving average currently at 1.2257 has been capping so far. A clean break below 1.2164 would weaken towards 1.2100 then possibly 1.2000. On a stronger bounce above the 1.2360 area, it would defer the downside and open the 1.2570-1.2600 resistance zone .
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