EURUSD Daily Analysis – April 9, 2014

EURUSD broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 1.3966 had completed at 1.3672 already. Further rally would likely be seen, and next target would be at 1.3900 area. Key support is at 1.3672, only break below this level could trigger another fall towards 1.3550.

eurusd chart