EURUSD Daily Analysis – March 5, 2014

EURUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.3477, the price action from 1.3773 could be treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to continue after consolidation, and next target would be at 1.4000 area. Key support is at 1.3643, only break below this level could trigger another fall to 1.3400 area.

eurusd chart