EURUSD Daily Analysis – February 20, 2014

EURUSD remains in uptrend from 1.3477, the fall from 1.3773 could be treated as consolidation of the uptrend. Key support is now located at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.3850 area. Only a clear break below the channel support could signal completion of the uptrend.

eurusd chart