Euro/Dollar made a significant upward movement yesterday. Upward pressure is still there, as we saw strong movement above 1.3150 during the U.S. session, as we expected. There is a link between the climbing CCI indicator and the secondary descending channel on the 4 hour chart. Break of the above channel would suggest further upward scenario with testing of the resistance level of 1.3550 before reaching the next target further up 1.3700. Immediate support is represented by the 1.3105 level.
Technical resistance levels: 1.3550 1.3700 1.3825
Technical support levels: 1.3105 1.2990 1.2835
UR USD 1.3433 - 19 March EUR USD Open 1.3487 High 1.3536 Low 1.2991 Close 1.3500
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