EUR/USD - Respects Support

In early trading the pair is respecting the 1.4200 level. This is a horizontal and hourly trendline support area. The trendline will rise throughout the day. The bias is up, with
1.4220 also coming in as support.

A break below these levels indicates a move to 1.4140. Support is expected in the 1.4180-1.4160 region.

A continued rise, first above 1.4260, is likely to test recent swing highs in the 1.4350-1.4360 area.

Forex Analysis by Cory Mitchell at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check Forexpros. com