EURUSD Weekly Analysis – July 20, 2014

EURUSD is facing 1.3477 support again, a breakdown below this level will confirm that the long term uptrend from 1.2747 (Apr 4, 2013 low) had completed at 1.3993 already, then next target would be at 1.3000 area. Resistance is at 1.3700, only break above this level could trigger another rise to test 1.3993 previous high resistance.

eurusd chart