EURUSD Weekly Analysis - January 25, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 25 January 2014 05:55 UTC
EURUSD is in consolidation of the uptrend from 1.2747 (Apr 4, 2013 low). The sideways movement in the range between 1.3296 and 1.3892 could be expected to continue over the next several weeks, and one more fall to the bottom of the price channel on daily chart to complete the sideways movement is possible. Key support is at 1.3296, only break below this level could signal completion of the uptrend.

eurusd chart

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