EURUSD Daily Analysis – July 4, 2014

EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.3512 had completed at 1.3700 already. The pair is now in downtrend, further decline could be expected, and next target would be at 1.3500 area. Resistance is at 1.3700, only break above this level could trigger another rise to 1.3800 zone.

eurusd chart