EURUSD Daily Analysis – June 12, 2014

EURUSD stays in a trading range between 1.3502 and 1.3676. Support is at 1.3502, a breakdown below this level will indicate that the downtrend from 1.3993 has resumed, then the following downward move could bring price to 1.3350 area. On the upside, a break above 1.3676 resistance will confirm that the downtrend had completed at 1.3502 already, then next target would be at 1.3900 zone.

eurusd chart