EURUSD Daily Analysis – June 25, 2014

EURUSD moved sideways in a narrow range between 1.3564 and 1.3643. Support is at 1.3564, as long as this level holds, the price action in the range could be treated as consolidation of the short term uptrend from 1.3512, another rise to test 1.3676 key resistance is still possible. On the downside, a breakdown below 1.3564 support will signal completion of the uptrend, then deeper decline to test 1.3502 support could be seen.

eurusd chart