The pair broke through support at 1.4120 and more support at 1.4060 but has managed to stay above the 1.4000 level. A break below 1.4000 will likely target 1.3920 followed by 1.3880.
Resistance on the upside is at 1.4100, 1.4140 and 1.4200.
A rise back above 1.4200 nullifies the short-term downward bias and indicates a move back higher.
Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading,
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