by: iForex.bg
EUR/USD Open 1.3259 High 1.3337 Low 1.3121 Close 1.3271
Euro/Dollar had an increasing momentum yesterday. The currency couple attempted to drop to the bottom 1.3121, but further decreasing scenario was rejected and the Euro rose sharply, reaching a peak at 1.3337, climbing over 200 pips, and closed at 1.3271. The fact that the day was closed above 1.3250 is suggesting renewal of the upward trend in the short term. In the medium term quote movements are considered as normal as they are still within the triangle. Yesterday the short term resistance is yesterday's and this morning's top 1.3335. Break above this level may cause a further increasing impetus with testing of 1.3440 and 1.3555. Immediate support is yesterday's bottom 1.3030. The CCI indicator is in the neutral area on the 4 hour and daily charts. Technical resistance levels: 1.3335 1.3440 1.3555 Technical support levels: 1.3120 1.3030 1.2900
