EURUSD Daily Analysis – May 13, 2014

EURUSD remains in downtrend from 1.3993. Deeper decline could be expected, and next target would be at 1.3650 area. Resistance is at 1.3795, only break above this level will indicate that consolidation of the downtrend is underway, then further rise to 1.3850 area could be seen.

eurusd chart