Euro/Dollar started this week with a positive increasing trend. Strong key resistance for the currency couple is 1.4240. If that level is broken upwards, further bullish momentum may be experienced towards next objective 1.4350. The European currency has formed a triangle on the 1 hour chart, which shows hesitant movements for the last 2 weeks. The nearest support is represented by the 1.4110 level, followed by 1.4000. The CCI indicator is about to cross down the 100 line on the 1 hour chart, assuming potential descending views.
Technical resistance levels: 1.4240 1.4350 1.4465
Technical support levels: 1.4110 1.4000 1.3875
