Technical Analysis Daily: EUR/USD

EUR/USD 1.4138

EUR/USD Open 1.4130 High 1.4153 Low 1.4062 Close 1.4138

The Euro reached temporary bottom before the difficult days for the US Unemployment rates. The support at 1.4065 is 23.5% Fibonacci of the last uptrend movement 1.3361 - 1.4280, stays on the pressure of the US Dollar and pulled back the couple to 1.4102. Next supports are 1.4002 and 1.3934, which is 38.5% Fibonacci of the above mentioned climb. Resistance levels would be 1.4142, which is a bottom from 2 October, followed by 1.4205, and 1.4185 - a top from 1 October.

Technical resistance levels: 1.4142 1.4205 1.4278
Technical support levels: 1.4065 1.4002 1.3934

Trading range: 1.4150 - 1.4075

Trend: Downward

Sell at 1.4138 SL 1.4168 TP 1.4088

On Friday we made +33 pips profit on EUR/USD from the following signal:

5:06 GMT Sell EUR/USD at 1.4136 SL 1.4172 TP 1.4086 exited at 8:02 GMT

By:iFOREX.bg


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