EURUSD Daily Analysis – June 13, 2014

Being contained by 1.3502 support, EURUSD rebounded from 1.3512. However, another fall to re-test this support is still possible, a breakdown below this level will signal resumption of the downtrend from 1.3993, then next target would be at 1.3350 area. Key resistance is at 1.3676, only break above this level will confirm that the downtrend had completed at 1.3502 already, then further rise to 1.3900 area could be seen.

eurusd chart