EURUSD’s upward movement extended further to as high as 1.4183. The pair is now facing1.4281 resistance, minor consolidation would likely be seen before breaking above this level. Range trading between 1.4000 and 1.4200 is expected next week.
For long term analysis, EURUSD had formed a cycle bottom at 1.2874 level on weekly chart. Further rise towards 1.4500-1.5000 area could be expected in next several months.
