Technical Analysis Daily: EUR/USD

EUR/USD 1.3562

EUR/USD Open 1.3768 High 1.3774 Low 1.3510 Close 1.3595

The Euro descended significantly yesterday against the US Dollar from Thursday's top 1.3774 to this morning's bottom 1.3510, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, as we expect for the moment, next support for today is expected at 1.3440, the break of which would lead to next target 1.3360. In upward direction next resistance further up is expected at 1.3855, followed by 1.3940.

Technical resistance levels: 1.3775 1.3855 1.3940
Technical support levels: 1.3510 1.3440 1.3360

Trading range: 1.3575 - 1.3510

Trend: Downward

Sell at 1.3562 SL 1.3592 TP 1.3522

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