EURUSD Weekly Analysis – March 30, 2014

EURUSD’s fall from 1.3966 extended to as low as 1.3705. Deeper decline is still possible, and the target would be at 1.3550 area. Resistance is at 1.3875, only break above this level will indicate that the uptrend from 1.2756 (Jul 9, 2013 low) has resumed, then the following upward movement could bring price to 1.4500 area.

eurusd chart