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EURUSD remains in short term uptrend from 1.3512

Discussion in 'Technical Analysis' started by ForexCycle.com, Jun 23, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    EURUSD remains in short term uptrend from 1.3512. Another rise to test 1.3676 resistance would likely be seen, a break above this level will signal completion of the longer term downtrend from 1.3993 (May 8 high), then next target would be at 1.3800 area. Near term support is at 1.3560, a breakdown below this level will indicate that the short term uptrend from 1.3512 had completed at 1.3643 already, then deeper decline to test 1.3502 support could be seen.


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