EURUSD Daily Analysis – April 29, 2014

EURUSD broke above 1.3864 resistance. However, the rise from 1.3785 is likely consolidation of the downtrend from 1.3905, one more fall to 1.3750 area to complete the downward movement is still possible after consolidation. Resistance is at 1.3905, only break above this level could trigger another rise towards 1.4000.

eurusd chart