EURUSD Weekly Analysis – December 14, 2013

EURUSD is facing 1.3832 resistance, a break above this level will indicate that the uptrend from 1.2756 has resumed, then further rise towards 1.4500 could be seen. However, as long as 1.3832 resistance holds, the sideways movement in a range between 1.3296 and 1.3832 could be expected to continue, and one more fall to the lower line of the price channel is still possible.

eurusd daily chart