EUR/USD Open 1.3768 High 1.3776 Low 1.3659 Close 1.3770
Dollar decreased yesterday as Fed left rates unchanged as expected, also in line with the the Interbank sentiment projection at 12.66%. Euro/Dollar climbed from 1.3659 up to 1.3781 yesterday, closing the day at 1.3770. The maintaining of the secondary bullish channel on the 3 hour chart is valid for now, especially is we see convincing pull above the nearest resistance and today’s and Friday’s top at 1.3789, which we will observe for medium term outlook. Going bellow Tuesday’s bottom and nearest support for today at 1.3659 should confirm continuation of the bearish trend, towards next target 1.3541. Today are the EU Labour cost at 10:00 and U.S. PPI at 13:30 GMT. Quotes are moving above the 50 and 20 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI, MACD and CCI indicators are all positive and calm on the 1 hour chart, giving overall long signals.
Technical resistance levels: 1.3789 1.3895 1.4000
Technical support levels: 1.3659 1.3541 1.3468
Trading range: 1.3755 – 1.3820
Buy at 1.3769 SL 1.3739 TP 1.3809
Written by iFOREX.bg