EURUSD Analysis – August 18, 2013

EURUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.2756. As long as the channel support holds, the uptrend could be expected to continue, and further rise to 1.3500 area would likely be seen. Key support is at 1.3170, only break below this level could signal completion of the uptrend.

eurusd daily chart