EURUSD Daily Analysis – March 27, 2014

EURUSD stays in a trading range between 1.3749 and 1.3875. Resistance is at 1.3875, a break above this level will confirm that the downtrend from 1.3966 had completed at 1.3749 already, then the following upward movement could bring price to 1.4500 area. On the downside, a breakdown below 1.3749 will signal resumption of the downtrend, then deeper decline towards 1.3550 could be seen.

eurusd chart