Technical Analysis Daily: EUR/USD

Daily Forex Technicals | Written by iFOREX.bg | Jul 18 08 05:44 GMT |

EUR/USD 1.5853 EUR/USD Open 1.5932 High 1.5887 Low 1.5787 Close 1.5852 The Euro retrieved significantly yesterday against the US Dollar from Thursday's top 1.5887 to a the bottom 1.5787, which are the first resistance and support levels respectively for the currency couple today. Today the Euro is recovering again. If the positive trend continues, next resistance is expected at 1.6040, followed by 1.6120. In downward direction next support for today is expected at 1.5720, the break of which would lead to next target 1.5650. Technical resistance levels: 1.5885 1.6040 1.6120 Technical support levels: 1.5785 1.5720 1.5650 Trading range: 1.5840 - 1.5905 Trend: Upward Buy at 1.5853 SL 1.5823 TP 1.5893 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com