EURUSD Daily Analysis – February 13, 2017

EURUSD broke below 1.0620 support, indicating that the uptrend from 1.0340 had completed at 1.0828 already. Further decline could be expected over the next several days, and next target would be at 1.0400 area. Resistance is at 1.0714, as long as the pair stays below this level, the downtrend from 1.0828 will continue.

eurusd chart