Technical Analysis Daily: EUR/USD

Daily Forex Technicals | Written by iFOREX.bg | Sep 25 08 05:36 GMT |

EUR/USD 1.4704 EUR/USD Open 1.4459 High 1.4741 Low 1.4607 Close 1.4631 The Euro corrected significantly yesterday against the US Dollar from Wednesday's top 1.4741 to the bottom 1.4607, which are the first resistance and support levels respectively for the currency couple today. From the above bottom the currency couple started rising, and if the positive trend continues, as we expect for the moment, next resistance is expected at 1.4815, followed by 1.4900. In downward direction next support for today is expected at 1.4550, the break of which would lead to next target 1.4470. Technical resistance levels: 1.4740 1.4815 1.4900 Technical support levels: 1.4605 1.4550 1.4470 Trading range: 1.4690 - 1.4755 Trend: Upward Buy at 1.4704 SL 1.4674 TP 1.4744 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com