The pair is currently in a 55 pip range. A sustained break above 1.4055 would indicate a target of 1.4110 and beyond that 1.4150.

A break below 1.4000 would find initial support at 1.3980 and if that is exceeded will likely head for 1.3945. 1.3900 is the support level beyond.

There is an upward sloping trend line over the last couple weeks which will also provide support around 1.3950.

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