EURUSD Daily Analysis – March 19, 2014

EURUSD moved sideways in a trading range between 1.3833 and 1.3966. As long as the trend line support holds, the price action in the range could be treated as consolidation of the uptrend from 1.3477. Further rise could be expected after consolidation, 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