EURUSD Daily Analysis – March 4, 2014

EURUSD remains in uptrend from 1.3477, the fall from 1.3824 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to resume, and one more rise towards 1.4000 is still possible. Key support is at 1.3643, only a breakdown below this level will indicate that the uptrend from 1.3477 had completed at 1.3824 already, then deeper decline to 1.3400 area could be seen.

eurusd chart