by: iForex.bg
Yesterday Euro/Dollar attempted to make an upward correction to the 1.3033 top, but closed lower at 1.3004. After the downward movement from 1.3725, in the current scenario the longer the pair remains under 1.3080, any upward corrective movement is normal. Short signals are neutral. On the daily chart we have a symmetrical triangle formed, which indicates consolidation. The double bottom is formed in the region of 1.2895, which is a bottom from 20 and 21 April, is a key support level at this time. Break below this level may cause a further bearish scenario towards 1.2730. The CCI indicator in neutral zone on the 1 and 4 hour charts. Technical resistance levels: 1.3035 1.3155 1.3270 Technical support levels: 1.2895 1.2730 1.2605
Trading range: 1.3030 - 1.2965 Trend: Downward Sell at 1.3016 SL 1.3046 TP 1.2976
