EUR/USD Open 1.3222 High 1.3297 Low 1.3117 Close 1.3239
On Friday Euro/Dollar had a strong upward adjustment. The currency couple broke up the key resistance 1.3265, reached a top of 1.3297 and closed at 1.3239. Technically the European currency is expected to test the next resistance at 1.3300 and than 1.3395 in the short term but medium term perspectives remain unclear. Inability to hold above 1.3265 today may give again the Euro bearish impulse towards the region of the short term support 1.3120. The CCI indicator is in the overbought zone and downwards on the 4 hour chart, suggesting potential downward pressure, but is neutral on the daily chart. Technical resistance levels: 1.3300 1.3395 1.3500
Technical support levels: 1.3120 1.3000 1.2905
