EURUSD Analysis – April 21, 2013

EURUSD is in uptrend from 1.2747, the fall from 1.3200 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.3400 area. Support levels are at 1.2900 and 1.2747, only break below these levels could trigger another fall towards 1.2500.

For long term analysis, EURUSD is in uptrend from 1.2042, another rise towards 1.4500 could be expected after consolidation.

eurusd daily chart