EURUSD Weekly Analysis – March 22, 2014

EURUSD broke below the upward trend line on daily chart, indicating that the short term uptrend from 1.3477 had completed at 1.3966 already. Deeper decline is still possible, and the target would be at 1.3550 area. Resistance levels are at 1.3860 and 1.3966, only break above these levels could trigger another rise towards 1.4500.

eurusd chart