Technical Analysis Daily: EUR/USD

Daily Forex Technicals | Written by iFOREX.bg | Jul 28 08 05:39 GMT |

EUR/USD 1.5711 EUR/USD Open 1.5704 High 1.5751 Low 1.5664 Close 1.5694 The Euro continued recovering on Friday against the US Dollar from Friday's bottom 1.5664 to the top 1.5751, which are the first support and resistance levels respectively for the currency couple today. 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: 1.5750 1.5800 1.5865 Technical support levels: 1.5665 1.5580 1.5530 Trading range: 1.5700 - 1.5765 Trend: Upward Buy at 1.5711 SL 1.5681 TP 1.5751 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com