EUR/USD Open 1.4056 High 1.4094 Low 1.3853 Close 1.4064
Euro/Dollar attempt to drop yesterday, reaching a bottom at 1.3853, but further bearish impetus was rejected as the currency couple rose with nearly 250 pips, closed the day at 1.4064. Signals are neutral at the moment. Today we may have more upward pressure and any movement over the 1.4100 resistance level could trigger further increasing momentum towards 1.4235. Immediate support is represented by the 1.3975 level. Break under this level may lead to further movement downwards. The CCI indicator is in the positive zone of the 1 hour chart. If the recent rise in risk appetite continues, correlations between the Euro and interest rates and oil prices suggest that we may see a further ascending movement this week towards 1.4370. Technical resistance levels: 1.4100 1.4235 1.4370 Technical support levels: 1.3975 1.3855 1.3730
