EURUSD broke below 1.3850 support, indicating that the uptrend from 1.3672 had completed at 1.3905 already.

Range trading between 1.3800 and 1.3905 would likely be seen in a couple of days. As long as 1.3800 support holds, the uptrend could be expected to resume, and another rise towards 1.4000 is still possible.

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.

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