EURUSD Daily Analysis – January 15, 2014

EURUSD remains in uptrend from 1.3548, the fall from 1.3699 would possibly be correction of the uptrend. As long as 1.3548 key support holds, another rise could be expected, and next target would be at 1.3800 area. On the downside, a breakdown below 1.3548 support will indicate that the longer term downtrend from 1.3892 has resumed, then further decline to 1.3400 area could be seen.

eurusd chart