EURUSD Analysis – October 27, 2013

EURUSD’s upward movement from 1.2756 extends to as high as 1.3832. Support levels are at 1.3695 and 1.3600, as long as these levels hold, the uptrend could be expected to continue, and next target would be at 1.4000. On the downside, a breakdown below 1.3600 support suggest that consolidation of the uptrend is underway, then deeper decline to 1.3400 area could be seen.

eurusd daily chart