Technical Analysis Daily: EUR/USD

EUR/USD 1.4785

EUR/USD Open 1.5001 High 1.4938 Low 1.4755 Close 1.4776

The Euro continued descending insignificantly yesterday against the US Dollar from Thursday's top 1.4938 to today's bottom 1.4755, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues as we expect to, next support is expected at 1.4685, followed by 1.4600. In upward direction next resistance for today is expected at 1.5000, the break of which would lead to next target 1.5180.

Technical resistance levels: 1.4940 1.5000 1.5180
Technical support levels: 1.4755 1.4685 1.4600

Trading range: 1.4795 - 1.4735

Trend: Downward

Sell at 1.4785 SL 1.4815 TP 1.4745