Daily Forex Technicals | Written by iFOREX.bg | Jul 04 08 05:51 GMT | EUR/USD 1.5712
EUR/USD Open 1.5789 High 1.5900 Low 1.5675 Close 1.5695
The Euro dropped significantly yesterday against the US Dollar from yesterday's top 1.5898 to today's bottom 1.5675 on the US Unemployment Claims, Rates, and Nonfarm Employment Change announcements, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.5630, followed by 1.5560. In upward direction next resistance for today is expected at 1.5950, the break of which would lead to next target 1.6000.
Technical resistance levels: 1.5900 1.5950 1.6000
Technical support levels: 1.5675 1.5630 1.5560
Trading range: 1.5700 - 1.5765
Trend: Upward
Buy at 1.5712 SL 1.5682 TP 1.5752
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