EURUSD Daily Analysis – June 2, 2014

EURUSD remains in downtrend from 1.3993, the rise from 1.3586 is likely consolidation of the downtrend. Resistance is at 1.3668, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3500 area. Only break above 1.3668 resistance could signal completion of the downtrend.

eurusd chart