By: iForex
EUR/USD Open 1.4058 High 1.4107 Low 1.3983 Close 1.4050
Euro/Dollar recoverred back to the top 1.4107 on Friday, sfter chish started declining and closed the week at 1.4050. On the 1 hour chart the support still holds, limiting the currency pair from further bearish movements. In upwards direction a key resistance is 1.4110. Break up of that level may trigger further bullish impulse towards 1.4220. Immediate and strong support is represented by the 1.3890 level, followed by 1.3765. The CCI indicator is in the neutral zone of the 1 and 4 hour charts. Technical resistance levels: 1.4110 1.4220 1.4345 Technical support levels: 1.3890 1.3765 1.3645