EURUSD Daily Analysis – June 17, 2014

EURUSD broke above 1.3578 resistance, indicating that the downward movement from 1.3676 had completed at 1.3512 already. Further rise could be expected, and next target would be at 1.3650 area. Support is at 1.3512, only break below this level could trigger another fall towards 1.3350.

eurusd chart