EURUSD Daily Analysis – April 11, 2014

EURUSD remains in uptrend from 1.3672, and the rise extended to as high as 1.3898. Support is now at 1.3850, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3950 area. Only break below 1.3850 support will indicate that consolation of the uptrend is underway, then deeper decline to 1.3750 – 1.3800 area could be seen.

eurusd chart