After breaking of the descending channel, the Euro/Dollar reached the target 1.3914, and continued rising, close to the the resistance at 1.3960. Short term signals are rising, while neutral in the medium term. Next target upwards is 1.4075, but we may first see a slight downward correction of the general ascending trend, towards 1.3750. Today's trading range is between 1.3660 and the key resistance 1.4075. The CCI indicator is about to cross down the 100 line on the 4 hour chart, suggesting potential descending pressure.
Technical resistance levels: 1.3960 1.4075 1.4180
Technical support levels: 1.3750 1.3670 1.3565
