EUR/USD 1.3652 - 6 September
EUR/USD Open 1.3652 High 1.3705 Low 1.3569 Close 1.3634
In August the Euro made a correction, but overall dropping for the month was insignificant. In force remains the middle term upward channel with bottom limit 1.3397. Last week the Euro currency consolidated after its sharp rise. The diversion is still in force, which preserves the risk of dropping for the Euro. The middle term range for the EUR/USD is 1.3410 - 1.3895. On a daily time frame the support zone 1.3678 - 1.3733 stops the upward movement of the Euro. On Tuesday the currency couple tested the support 1.3555, after which recovered to above 1.3620. The technical targets remain unchanged. Strengthening above 1.3675 will give signals for the recovery of the EUR/USD to 1.3846. Going under 1.3555 will form signals for downward movement towards 1.3403.
Technical resistance levels: 1.3675 1.3762 1.3948
Technical support levels: 1.3605 1.3555 1.3472
Trading range: 1.3665 - 1.3590
Trend: Downward
Sell at 1.3652 SL 1.3682 TP 1.3602