EUR/USD - After the Surge

Yesterday saw a very strong move by the EURO, moving almost double its average (12) daily range. It also broke multiple short term resistance levels.

With more news out of the US today, it could be another volatile day.

A push above 1.4100 gives an initial target of 1.4140 followed by 1.4175 and 1.4250.

Support is at 1.4060, with a break giving a profit target of 1.4020 followed by 1.3985. There is little support after this till 1.3900, but the 1.3940 area is also significant.

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