By: iForex.bg
Yesterday Euro/Dollar made nenewd its upward trend, making a bottom at 1.3563, closing at 1.3652, and climbing to this morning's top 1.3720. On the 1 hour chart there is a flag formation, which technically is considered as a continuation of the neutral trend figure. Break upward of the flag may cause further bullish scenario towards 1.3845. Signals are neutral in the short term. Immediate support is 1.3560, followed by 1.3440. Short term resistance is this morning's top 1.3720. The CCI indicator is in the neutral zone of the 4 hour chart.
Technical resistance levels: 1.3720 1.3845 1.3910
Technical support levels: 1.3560 1.3440 1.3330
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