Technical Analysis Daily: EUR/USD

Daily Forex Technicals | Written by iFOREX.bg | Jul 25 08 05:38 GMT |

EUR/USD 1.5693 EUR/USD Open 1.5842 High 1.5712 Low 1.5634 Close 1.5687 The Euro continued descending yesterday against the US Dollar Tuesday Thursday's top 1.5712 to the bottom 1.5634, which are the first resistance and support levels respectively for the currency couple today. Today however the EUR/USD has a positive sentiment and we may see some recovery efforts. If the positive trend continues, next resistance is expected at 1.5800, followed by 1.5865. In downward direction next support for today is expected at 1.5580, the break of which would lead to next target 1.5530. Technical resistance levels: 1.5715 1.5800 1.5865 Technical support levels: 1.5635 1.5580 1.5530 Trading range: 1.5680 - 1.5655 Trend: Upward Buy at 1.5693 SL 1.5663 TP 1.5733 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com