EURUSD Weekly Analysis – August 17, 2014

EURUSD remains in downtrend from 1.3993. Further decline would likely be seen, and next target would be at 1.3000 area. Initial resistance is at 1.3450, only break above this level will indicate that consolidation of the downtrend is underway, then the pair will find resistance around 1.3550 area.

eurusd chart