Technical Analysis Daily: EUR/USD

EUR/USD 1.5520

EUR/USD Open 1.5478 High 1.5566 Low 1.5375 Close 1.5536

The Euro rose sharply yesterday against the US Dollar yeasterday, reaching 1.5566, which is its first resistance level for the currency couple today. If the upward trend continues, next resistance is expected at 1.5610, followed by 1.5700. In downward direction first support is yesterday's bottom at 1.5375, the break of which would lead to next target - 1.5290, followed by 1.5170.

Technical resistance levels: 1.5566 1.5610 1.5700
Technical support levels: 1.5375 1.5290 1.5170

Trading range: 1.5510 - 1.5570

Trend: Upward

Buy at 1.5520 SL 1.5490 TP 1.5560

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