By: iForex.bg
EUR/USD Open 1.3632 High 1.3667 Low 1.3532 Close 1.3628
Euro/Dollar continued its ascending scenario yesterday. The currency couple dropped to the bottom 1.3532, from where it continued its bullish impetus to the top 1.3667. This fact confirms the current upward correction of the European currency for the time being. On the 1 hour chart we still have bearish channel of the descending impulse from 1.3715. Break upwards of the channel may cause further ascending move back to 1.3715. Immediate support is 1.3475. Break above this level may lead to further descending pressure. The nearest resistance is 1.3665. The CCI indicator is in the neutral zone of the 1 and 4 hour chart. Technical resistance levels: 1.3665 1.3785 1.3900 Technical support levels: 1.3475 1.3350 1.3230.
