iFOREX.bg EUR/USD Technical Analysis 16 June 2008

Published 06/15/2008, 09:44 PM
Updated 01/01/2017, 02:20 AM
EUR/USD 1.5393 - 16 June
EUR/USD Open 1.5375 High 1.5474 Low 1.5312 Close 1.5386

After dropping down to 1.5312 on Friday, the Euro made a little recovery against the US Dollar, reaching 1.5424 this morning. First resistance for the currency couple today is the top from 12 June at 1.5475. Next resistance is expected at 1.5560, followed by 1.5635. In downward direction first support for today is expected at Friday's bottom 1.5310, the break of which would lead to next target 1.5230, followed by 1.5150.
Technical resistance levels: 1.5475 1.5560 1.5635
Technical support levels: 1.5310 1.5230 1.5150

Trading range: 1.5380 - 1.5445
Trend: Upward
Buy at 1.5393 SL 1.5363 TP 1.5433

On Friday we made +50 pips profit on EUR/USD from the following signal:
6:00 GMT+1 Sell EUR/USD at 1.5437 SL 1.5463 TP 1.5387 TP reached 9:58 GMT+1
Total on Friday +178, as shown in details at our web site.

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