EURUSD Weekly Analysis – April 12, 2014

EURUSD is facing 1.3966 resistance, a break above this level will signal resumption of the uptrend from 1.2747 (Apr 4, 2013 low), then the following upward movement could bring price to 1.4500 area. On the other side, as long as 1.3966 resistance holds, lengthier sideways movement could be expected to continue, and one more fall to 1.3550 area is still possible.

eurusd chart