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Thursday, 22 May 2008

iForex.bg

Technical Analysis Daily: EUR/USD
EUR/USD 1.5757

EUR/USD Open 1.5571 High 1.5802 Low 1.5636 Close 1.5784
The Euro rose rose yesterday against the US Dollar from 1.5636 to 1.5802, which is the first resistance for the currency couple today. If the positive trend continues, next resistance is expected at 1.5890, followed by 1.6000. In downward direction first support for today is expected at yesterday's bottom 1.5635, the break of which would lead to next target 1.5550, followed by 1.5470.

Technical resistance levels: 1.5800 1.5890 1.6000
Technical support levels: 1.5635 1.5550 1.5470
Trading range: 1.5745 - 1.5810
Trend: Upward
Buy at 1.5757 SL 1.5727 TP 1.5797