EURUSD Daily Analysis – April 21, 2014

EURUSD remains in downtrend from 1.3905, the rise from 1.3790 could be treated as consolidation of the downtrend. Further decline would likely be seen, and the target would be at 1.3750 area. Resistance levels are at 1.3865 and 1.3905, only break above these levels could signal completion of the downtrend.

eurusd chart