EURUSD Daily Analysis – July 29, 2014

EURUSD remains in downtrend from 1.3650, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.3300 area. On the upside, a clear break above the trend line resistance will indicate that consolidation of the downtrend from 1.3700 is underway, then range trading between 1.3421 and 1.3500 could be seen.

eurusd chart