EURUSD Daily Analysis – June 16, 2014

EURUSD stays in a trading range between 1.3512 and 1.3578. Another fall to test 1.3502 support would likely be seen, a breakdown below this level will indicate that the downtrend from 1.3993 has resumed, then next target would be at 1.3350 area. Near term resistance is at 1.3578, above this level will bring price back to test 1.3676 key resistance.

eurusd chart