EURUSD Weekly Analysis – December 8, 2013

EURUSD’s bounce from 1.3296 extends to as high as 1.3706. Further rise to test 1.3832 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.2756, then next target would be at 1.4500 area. Key support is at the lower line of the price channel on daily chart, only a clear break below the channel support could signal completion of the uptrend.

eurusd daily chart