Daily Forex Technicals | Written by iFOREX.bg | Feb 18 09 06:19 GMT |

Technical Analysis Daily: EUR/USD EUR/USD 1.2600 EUR/USD Open 1.2591 High 1.2798 Low 1.2562 Close 1.2583 Yesterday Euro/Dollar made another hesitating movement due to lack of market catalyst. The currency couple tried to decrease, reaching a bottom at 1.2562, but closed the day higher at 1.2583. On the 1 hour chart there is a formed symmetrical triangle showing the consolidation phase. The break down of the triangle during the Asian session gave us a clear downward movement direction. After breaking the 1.2600 support too earlier this morning, the signals have further decreasing scenario with targets towards 1.2500. The currency pair seems to be still fluctuating, moving under the basic support and ex resistance 1.2600. The CCI indicator went down the 100 line on the 1 hour chart, suggesting a potential descending pressure. Technical resistance levels: 1.2670 1. 2750 1.2865 Technical support levels: 1.2500 1.2415 1.2305 Trading range: 1.2610 - 1.2550 Trend: Downward Sell at 1.2600 SL 1.2630 TP 1.2560 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com