EURUSD Daily Analysis – April 14, 2014

EURUSD broke below 1.3850 support, indicating that the uptrend from 1.3672 had completed at 1.3905 already. Range trading between 1.3800 and 1.3905 would likely be seen in a couple of days. As long as 1.3800 support holds, the uptrend could be expected to resume, and another rise towards 1.4000 is still possible.

eurusd chart