EURUSD's upward movement from 1.3477 extended to as high as 1.3914.

Key support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue after a minor consolidation and next target would be at 1.4000 area.

Only a clear break below the trend line support could signal completion of the uptrend.

Content curiosity of FOREXCycle

Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account.  The ETF looks to track the price of the euro, minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.