EUR/USD Open 1.3973 High 1.3997 Low 1.3887 Close 1.3981 Euro/Dollar failed to continue the upward movement on Monday. The currency couple reached a top at 1.3997, descended down to 1.3887, and closed the day at 1.3981. The Dollar was backed by the lower risk investments, which weakened the Euro. Technically the trend line was penetrated downwards on the 1 hour chart, indicating potential descending perspectives. Signals are decreasing in the short term with possible test of the 1.3885 support level, but the medium term views remain unclear, as the European currency is still trading within the 1.3760 - 1.4165 range. The nearest resistance is 1.4000, the break may give us an increasing scenario towards the next 1.4125 objective.
Technical resistance levels: 1.4000 1.4125 1.4250
Technical support levels: 1.3885 1.3770 1.3650
