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EURUSD Weekly Analysis - March 16, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 March 2014 06:14 UTC
EURUSD stays above the upward trend line on daily chart, and remains in uptrend from 1.3477, and the rise extended to as high as 1.3966. The uptrend could be expected to continue after a minor consolidation, and next target would be at 1.4200 area. Initial support is located at the trend line, only a clear break below the trend line support could indicate that lengthier consolidation of the uptrend from 1.2747 (Apr 4, 2013 low) is needed, then the pair will find support around 1.3500.

eurusd chart

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