EURUSD Daily Analysis – July 10, 2014

EURUSD remains in downtrend from 1.3700, the rise from 1.3575 would possibly be correction of the downtrend. Key resistance is at 1.3700, as long as this level holds, the downtrend could be expected to resume, and another fall to test 1.3502 support is still possible. However, a break above 1.3700 resistance will indicate that the uptrend from 1.3502 has resumed, then next target would be at 1.3800 area.

eurusd chart