Technical Analysis Daily: EUR/USD

Daily Forex Technicals | Written by iFOREX.bg | Sep 22 08 05:43 GMT |

EUR/USD 1.4478 EUR/USD Open 1.4459 High 1.4559 Low 1.4163 Close 1.4449 The Euro started climbing significantly on Friday against the US Dollar from Friday's bottom 1.4163 to today's top 1.4559, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, as we expect for the moment, next resistance is expected at 1.4620, followed by 1.4700. In downward direction next support for today is expected at 1.4100, the break of which would lead to next target 1.4025. Technical resistance levels: 1.4560 1.4620 1.4700 Technical support levels: 1.4165 1.4100 1.4025 Trading range: 1.4465 - 1.4530 Trend: Upward Buy at 1.4478 SL 1.4448 TP 1.4518 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com