the daily analysis 15/4/2014 *LINK* *PIC*

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EURUSD's fall from 1.3905 extended to as low as 1.3808. However, the fall is likely consolidation of the uptrend from 1.3672, range trading between 1.3785 and 1.3905 is possible over the next several days. Resistance is at 1.3905, a break above this level could trigger another rise towards 1.4000
BPUSD's fall from 1.6820 extended to as low as 1.6696. Deeper decline is still possible and the target would b at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the fall could be treated as consolidation of the uptrend from 1.6465, one more rise towards 1.7000 is still possible. Only a clear break below the channel support will signal completion of the uptrend.
more analysis
http://borsaforex.com/forex/index.php/2013-10-07-16-13-24/2013-10-07-17-44-41

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