The last three days have seen the EUR march higher. This has created a short term uptrend. Support is at 1.3910, with trend line support at 1.3860, and beyond that 1.3820, 1.3800.

The pair did manage to push above 1.3950 briefly but has now fallen back below. A move above is bullish and a further move higher would be confirmed if 1.3980 is surpassed. The profit target for that move is 1.4060-1.4080. Beyond that 1.4120 should hold through today’s session.

Forex Analysis by Dr. Sivaraman at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros.com