EURUSD Weekly Analysis - April 6, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 April 2014 02:19 UTC
EURUSD remains in uptrend from 1.2747 (Apr 4, 2013 low), the price action from 1.3892 could be treated as consolidation of the uptrend. Pullback to 1.3550 area to complete the consolidation would likely be seen. Resistance is at 1.3820, only break above this level will indicate that the uptrend from 1.2747 has resumed, then the following upward movement could bring price to 1.4500 zone.

eurusd chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.