Technical Analysis Daily: EUR/USD

Daily Forex Technicals | Written by iFOREX.bg | Sep 16 08 05:45 GMT |

EUR/USD 1.4223 EUR/USD Open 1.4225 High 1.4477 Low 1.4098 Close 1.4301 The Euro descended significantly yesterday against the US Dollar from Monday's top 1.4477 to the bottom 1.4098, which are the first resistance and support resistance levels respectively for the currency couple today. If, however the positive trend renews, as we expect for today, next resistance is expected at 1.4550, followed by 1.4635. In downward direction next support for today is expected at 1.3925, the break of which would lead to next target 1.3845. Technical resistance levels: 1.4475 1.4550 1.4635 Technical support levels: 1.4100 1.3925 1.3845 Trading range: 1.4210 - 1.4275 Trend: Upward Buy at 1.4223 SL 1.4193 TP 1.4263 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com