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EURUSD's upward movement extended to 1.3651

Discussion in 'Technical Analysis' started by ForexCycle.com, Jun 25, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    EURUSD's short term upward movement from 1.3512 extended to as high as1.3651. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and further rise to test 1.3676 resistance would likely be seen. Key support is at 1.3564, only break below this level will signal completion of the short term uptrend, then deeper decline to test 1.3502 support could be seen.

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