EURUSD Daily Analysis – March 3, 2014

EURUSD broke above 1.3773 resistance, indicating that the uptrend from 1.3477 has resumed. Further rise could be expected after a minor consolidation, and next target would be at 1.3900 area. Key support is now located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

eurusd chart