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.
