EURUSD Daily Analysis – March 28, 2014

EURUSD broke below 1.3749 support, indicating that the downtrend from 1.3966 has resumed. Further decline could be expected in a couple of days, and next target would be at 1.3600 area. Resistance is now at 1.3820, only break above this level could signal completion of the downtrend.

eurusd chart