Euro/Dollar reached a top at 1.4226 on Friday, than collapsed down to 1.3937, as expected. On the 1 hour chart is seen that further downward correction has been rejected around the key 1.3925 support level. However, it is uncertain that the bearish adjustment is completed and there may be another attempt to move downwards today. If the above level is broken, the bearish movement may continue to the next target 1.3810. The nearest resistance is 1.4165. The CCI indicator is in the neutral zone of 1 and 4 hour charts.
Technical resistance levels: 1.4165 1.4270 1.4400
Technical support levels: 1.3925 1.3810 1.3685
