Technical Analysis Daily: EUR/USD

Daily Forex Technicals | Written by iFOREX.bg | Sep 29 08 05:40 GMT |

EUR/USD 1.4633

EUR/USD Open 1.4608 High 1.4678 Low 1.4473 Close 1.4540

The Euro started dropping on Friday against the US Dollar from Friday's top 1.4678 to this morning's bottom 1.4473, which are the first support and resistance levels respectively for the currency couple today. If the negative trend continues, as we expect for the moment, next support further down is expected at 1.4400, followed by 1.4315. In upward direction next resistance for today is expected at 1.4760, the break of which would lead to next target 1.4845.

Technical resistance levels: 1.4680 1.4760 1.4845
Technical support levels: 1.4475 1.4400 1.4315

Trading range: 1.4490 - 1.4425

Trend: Downward

Sell at 1.4477 SL 1.4507 TP 1.4437

iFOREX.bg Forecasts and Trading Signals
http://www.zifx.com