EUR/USD Open 1.3939 High 1.4134 Low 1.3894 Close 1.3926 Euro/Dollar made a significant decreasing movement on Wednesday. The currency couple made a top at 1.4134, than dropped with around 240 pips down to the 1.3894 bottom, closing the day at 1.3926. On the 1 hour chart is seen that the trend line was broken upwards as a resistance, indicating potential bullish perspective. Short term signals are rising with objectives towards 1.4188. The CCI indicator is in the overbought zone and downwards of the 1 hour chart, suggesting further descending impulse with possible testing of the 1.3890 support. Break below that level may lead the European currency further downwards. The nearest resistance is yesterday's top at 1.4135.
Technical resistance levels: 1.4135 1.4250 1.4360
Technical support levels: 1.3890 1.3770 1.3645
