EURUSD Daily Analysis – March 11, 2014

EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.3477. The uptrend could be expected to continue after a minor consolidation, and next target would be at 1.4000 area. Initial support is at 1.3825, and the key support is at the trend line, only a clear break below the trend line support could signal completion of the uptrend.

eurusd chart