EURUSD Daily Analysis – March 12, 2014

EURUSD remains in uptrend from 1.3477, the fall from 1.3914 could be treated as consolidation of the uptrend. Key support is located 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 next target would be at 1.4000 area. Only a clear break below the trend line support could signal completion of the uptrend.

eurusd chart