EURUSD Weekly Analysis – April 6, 2014

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