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Technical Analysis Daily: EUR/USD |
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Technical Archives |
Written by ZIFX.com |
Jun 19 09 00:30 GMT
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Technical Analysis Daily: EUR/USD
EUR/USD 1.3913
EUR/USD Open 1.3911 High 1.3988 Low 1.3882 Close 1.3900
Euro/Dollar made insignificant movements yesterday with around 100 pips margin. The currency couple ascended to the bottom 1.3988, from where it started dropping down to the 1.3882 bottom. The new flag formation on the 1 hour chart suggests short term descending scenario for the European currency. Break up of the flag formation from the above top level might trigger bullish momentum towards 1.4230. Immediate support is 1.3880. The CCI indicator has crossed up the 100 line on the 1 hour chart, suggesting potential upward impulse.
Technical resistance levels: 1.3990 1.4100 1.4230
Technical support levels: 1.3880 1.3750 1.3590
Trading range: 1.3900 - 1.3965
Trend: Upward
Buy at 1.3913 SL 1.3883 TP 1.3953
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