EURUSD Daily Analysis – April 18, 2014

EURUSD is now in downtrend from 1.3905, the rise from 1.3790 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 1.3750 area. Resistance levels are at 1.3865 and 1.3905, only break above these levels could trigger another rise towards 1.4000.

eurusd chart