EUR/USD Open 1.3982 High 1.4138 Low 1.3921 Close 1.3980
Yesterday Euro/Dollar increased to the top 4138, from where the currency couple started descending down to the 1.3921 bottom. On the 1 hour chart is seen that the bearish impulse could not break the support level at 1.3920 and the trend line still resists. Short term signals are rising, but there seems to be strong resistance at 1.4140. Break above this level may lead to further bullish momentum towards 1.4255. The CCI indicator has crossed up the 100 line on the 1 hour chart, assuming potential increasing movement with potential testing of 1.4150. Break down of that level may renew the upward trend of the European currency. Technical resistance levels: 1.4140 1.4255 1.4380 Technical support levels: 1.3920 1.3805 1.3690
