Euro/Dollar yesterday reached a top at 1.4329, from where it collapsed down to 1.4112, closing the day at 1.4302. The CCI indicator is in the overbought zone on the 1 and 4 hour chart, suggesting possible descending pressure. Our expectations for the European currency are to correct downwards towards at least 1.4050 level, before determination of further trend. Immediate support is 1.4100. The nearest resistance is represented by yesterday's top 1.4330 level, followed by 1.4470. Technical resistance levels: 1.4330 1.4470 1.4600 Technical support levels: 1.4100 1.3990 1.3875
