EURUSD Daily Analysis – February 27, 2014

EURUSD broke below 1.3686 support, indicating that the uptrend from 1.3477 had completed at 1.3773 already. Deeper decline would likely be seen over the next several days, and next target would be at 1.3550 area. Resistance levels are at 1.3725 and 1.3773, only break above these levels could trigger another rise towards 1.4000.

eurusd chart