EURUSD Daily Analysis – April 30, 2014

EURUSD remains in downtrend from 1.3905, the rise from 1.3785 could be treated as consolidation of the downtrend. Resistance is now at 1.3879, as long as this level holds, the downtrend could be expected to resume, and one more fall to 1.3750 area to complete the downward movement is still possible. Only break above 1.3879 resistance could trigger another rise towards 1.4000.

eurusd chart