EURUSD Daily Analysis – August 25, 2014

EURUSD’s downward movement from 1.3700 extended to as low as 1.3185. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Resistance levels are at 1.3300 and 1.3350, only break above these levels could signal completion of the downtrend.

eurusd chart