EURUSD Daily Analysis – April 2, 2014

EURUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.3966 had completed at 1.3705 already. Further rally could be expected and next target would be at 1.3900 area. Support is now at 1.3705, only break below this level could trigger another fall towards 1.3550.

eurusd chart