Technical Analysis Daily: EUR/USD

EUR/USD 1.5572

EUR/USD Open 1.5773 High 1.5839 Low 1.5564 Close 1.5638

The Euro descended sharply yesterday against the US Dollar from 1.5839 to 1.5564 with the US government efforts to help the US Dollar. The first support level for the currency couple today is today's bottom at 1.5564. Next support downwards for today is expected at 1.5490, the break of which would lead to next target 1.5400. In upward direction first resistance is expected at this morning's top 1.5655, followed by 1.5735, and yesterday's top 1.5840.

Technical resistance levels: 1.5655 1.5735 1.5840
Technical support levels: 1.5564 1.5490 1.5400

Trading range: 1.5560 - 1.5625

Trend: Upward

Buy at 1.5572 SL 1.5542 TP 1.5612

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