EUR/USD 1.3987 - 15 July

By: iForex
EUR/USD Open 1.3968 High 1.4014 Low 1.3912 Close 1.3965
Euro/Dollar made a moderate decreasing movement on Tuesday, reaching a peak at 1.4014, than dropping down to 1.3912, closing the day at 1.3965. On the 1 hour chart there is a formed triangle, indicating consolidation phase and calm trading. The 1.4015 key resistance level might be tested soon. Immediate support for the currency couple is yesterday's bottom at 1.3910. Break under this zone may trigger further bearish pressure towards next objective downwards - the important 1.3780 support level. The CCI indicator is in the neutral zone of the 1 hour chart, suggesting calm trading. Technical resistance levels: 1.4015 1.4135 1.4250 Technical support levels: 1.3910 1.3780 1.3655