EURUSD Daily Analysis – August 20, 2014

EURUSD broke below 1.3333 support, and continued its downward movement from 1.3700, and the fall extended to as low as 1.3313. Further decline could be expected over the next several days, and next target would be at 1.3000 area. Resistance levels are at 1.3385, and 1.3444, only break above these levels could signal completion of the downtrend.

eurusd chart