EURUSD Daily Analysis – March 17, 2014

EURUSD’s upward movement from 1.3477 extended to as high as 1.3966. 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 continue, 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