EURUSD Daily Analysis – March 21, 2014

EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.3477 had completed at 1.3966 already. Deeper decline could be expected, and next target would be at 1.3700 area. Resistance is at 1.3845, only break above this level could trigger another rise towards 1.4000.

eurusd chart