EURUSD’s upward move from 1.2587 extended to as high as 1.4151 level. Support is now at 1.3775, as long as this level holds, uptrend is expected to continue and further rise is still possible next week, and the next target would be at 1.4300 area. Only break below 1.3775 could indicate that the uptrend from 1.2587 is complete, then pullback to 1.3300-1.3400 area could be seen.
For long term analysis, EURUSD is in uptrend from 1.1876. Further rise towards 1.4700 area is expected in next several weeks.
