EURUSD Daily Analysis – July 16, 2014

EURUSD broke below 1.3575 support, indicating that the downtrend from 1.3700 has resumed. Further decline to test 1.3502 support could be seen. Resistance levels are at 1.3610 and 1.3650, only break above these levels could trigger another rise to 1.3800 area.

eurusd chart