EURUSD Daily Analysis – May 2, 2014

EURUSD broke above 1.3879 resistance, indicating that the downward movement from 1.3905 had completed at 1.3775 already. The pair is now in uptrend, further rise could be expected after a minor consolidation, and next target would be at 1.3950 area. Support levels are at 1.3825 and 1.3775, only break below these levels could trigger another fall to 1.3700 zone.

eurusd chart