EURUSD Daily Analysis – April 10, 2014

EURUSD’s upward movement from 1.3672 extended to as high as 1.3870. Support is at 1.3815, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3950 area. On the downside, a breakdown below 1.3815 support will indicate that correction of the uptrend is underway, then deeper decline to 1.3740 area could be seen.

eurusd chart