EURUSD Daily Analysis – February 25, 2014

EURUSD moved sideways in a narrow range between 1.3686 and 1.3773. As long as the channel support holds, the price action in the range could be treated as consolidation of the uptrend from 1.3477, another rise to 1.3850 area could be expected after consolidation. Key support is at 1.3686, only break below this level will indicate that the uptrend from 1.3477 had completed at 1.3773 already, then the following downward movement could bring price back to 1.3400 zone.

eurusd chart