EURUSD Daily Analysis – March 24, 2014

EURUSD broke below the upward trend line on 4-hour chart, and is now in downtrend from 1.3966. Further decline would likely be seen, and next target would be at 1.3650 area. Resistance is at 1.3845, only break above this level could trigger another rise towards 1.4000.

eurusd chart