EURUSD Daily Analysis – April 22, 2014

EURUSD’s downward movement from 1.3905 extended to as low as 1.3786. Deeper decline would likely be seen in a couple of days, and the target would be at 1.3750 area. Key resistance is now at 1.3865, only break above this level could trigger another rise towards 1.4000.

eurusd chart