EURUSD - Technical Analysis: Friday, 12/12/2014 06:51 GMT

The price faced solid resistance at 1.2500 that pushed it to decline again, and its negotiating the exponential moving average 50 now in attempt to break it and confirm the continuation of the bearish bias.

Stochastic positivity might push the price for some temporary rising attempts, reminding you that breaching 1.2500 might lead the EURUSD pair to test the descending channel’s resistance at 1.2650 before turning back to the bearish trend.