EURUSD Daily Analysis – April 15, 2014

EURUSD’s fall from 1.3905 extended to as low as 1.3808. However, the fall is likely consolidation of the uptrend from 1.3672, range trading between 1.3785 and 1.3905 is possible over the next several days. Resistance is at 1.3905, a break above this level could trigger another rise towards 1.4000.

eurusd chart