EURUSD Analysis – September 8, 2013

EURUSD’s fall from 1.3451 extends to as low as 1.3105. Further decline is still possible, and next target would be at 1.3000 area. However, the fall is likely correction of the uptrend from 1.2756, another rise towards 1.4000 is still possible after correction, and a break above 1.3250 resistance could signal resumption of the uptrend.

eurusd daily chart