EURUSD Daily Analysis – March 6, 2014

EURUSD is facing the support of the upward trend line on 4-hour chart, as long as the trend line support holds, the price action form 1.3773 could be treated as consolidation of the uptrend from 1.3477, one more rise towards 1.4000 is still possible after consolidation. Only a clear break below the trend line support could signal completion of the uptrend.

eurusd chart