EURUSD Daily Analysis – October 14, 2014

EURUSD is facing 1.2791 resistance, a break of this level will signal resumption of the uptrend from 1.2500, then next target would be at 1.2850 area. On the other side, as long as 1.2791 resistance holds, lengthier sideways movement in the range between 1.2500 and 1.2791 could be expected.

eurusd chart