EURUSD Analysis – November 9, 2013

EURUSD breaks below the lower line of the price channel on daily chart, suggesting that the uptrend from 1.2756 had completed at 1.3832 already. Deeper decline would likely be seen, and next target would be at 1.3150 area. Resistance is at 1.3550, only break above this level could trigger another rise towards 1.4000.

eurusd daily chart