EURUSD Weekly Analysis – December 29, 2013

EURUSD broke above 1.3832 resistance and reached as high as 1.3892, suggesting that the uptrend from 1.2756 has resumed. Further rise could be expected, and next target would be at 1.4000 area. Support is now at 1.3625, only break below this level could trigger another fall towards the lower line of the price channel on daily chart.

eurusd chart