iFOREX.bg EUR/USD Technical Analysis 18 September 2008

Published 09/18/2008, 01:35 AM
Updated 01/01/2017, 02:20 AM
EUR/USD 1.4352 - 18 September
EUR/USD Open 1.4225 High 1.4389 Low 1.4099 Close 1.4324

The Euro climbed significantly yesterday against the US Dollar from Wednesday's bottom 1.4099 to this morning's top 1.4389, which are the first resistance resistance and support levels respectively for the currency couple today. If the positive trend renews, as we expect for today, next support is expected at 1.4470, followed by 1.4555. In downward direction next resistance for today is expected at 1.4030, the break of which would lead to next target 1.3955.
Technical resistance levels: 1.4390 1.4470 1.4555
Technical support levels: 1.4100 1.4030 1.3955

Trading range: 1.4340 - 1.4405
Trend: Upward
Up at 1.4352 SL 1.4322 TP 1.4392


Yesterday we made +21 pips profit on EUR/USD from the following signal:
6:50 GMT+1 Sell EUR/USD at 1.4195 SL 1.4221 TP 1.4145 exited 7:26 GMT+1
Total yesterday +109, as shown in details at our web site.

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