EURUSD Daily Analysis – July 7, 2014

EURUSD’s downward movement from 1.3700 extended to as low as 1.3580. Further decline could be expected, and next target would be at 1.3500 area. Resistance levels are at 1.3650 and 1.3700, only break above these levels could trigger another rise to 1.3800 zone.

eurusd chart