The pair has pushed below former lows at 1.3950. The daily low is1.3933 and a break below this would signal a move to 1.3900. Short term trend line support is also just above this level currently. Failure to hold would provide a target of recent swing lows at 1.3850.

A push through 1.4000 targets 1.4050. Beyond 1.4130 and 1.4200, if rates continue to push higher.

Daily trend is still up.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros.com