Euro/Dollar attempted to rise yesterday. The currency couple first declined as expected down to the 1.4104 bottom, than rose, hitting the long term target 1.4270, made a top at 1.4329, closing at 1.4302. On the 1 hour chart there is a formed triangle, indicating consolidation. Short term signals are neutral, but still rising in the medium term. Immediate support is yesterday's bottom 1.4105, followed by the key 1.4010 level. First resistance is yesterday's peak 1.4244. Break above this level may cause further bullish momentum with targets towards 1.4360. The CCI indicator is about to crossed up the 100 line on the 4 hour chart, suggesting potential ascending pressure.
Technical resistance levels: 1.4245 1.4375 1.4500
Technical support levels: 1.4105 1.4010 1.3885
