Technical Analysis Daily: EUR/USD

EUR/USD 1.3665

EUR/USD Open 1.3768 High 1.3742 Low 1.3548 Close 1.3630

The Euro traded within a range yesterday against the US Dollar from Wednesday's bottom 1.3454 to the top 1.3742, which are the first support and resistance levels respectively for the currency couple today. But the main negative trend remains intact, and if it continues, as we expect for the moment, next support for today is expected at 1.3480, the break of which would lead to next target 1.3400. In upward direction next resistance further up is expected at 1.3810, followed by 1.3900.

Technical resistance levels: 1.3740 1.3810 1.3900
Technical support levels: 1.3550 1.3480 1.3400

Trading range: 1.3675 - 1.3615

Trend: Downward

Sell at 1.3665 SL 1.3695 TP 1.3625

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