EURUSD Daily Analysis – June 24, 2014

EURUSD remains in short term uptrend from 1.3512. Another rise to test 1.3676 resistance would likely be seen, a break above this level will signal completion of the longer term downtrend from 1.3993 (May 8 high), then next target would be at 1.3800 area. Near term support is at 1.3560, a breakdown below this level will indicate that the short term uptrend from 1.3512 had completed at 1.3643 already, then deeper decline to test 1.3502 support could be seen.

eurusd chart