EURUSD Weekly Analysis - August 3, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 August 2014 06:19 UTC
EURUSD's downward movement from 1.3993 extended to as low as 1.3366. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Resistance is at 1.3550, only break above this level will indicate that the downtrend had completed at 1.3366 already, then the following upward movement could bring price to 1.4500 area.

eurusd chart

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