The EURUSD had a bearish momentum yesterday. The pair bottomed at 1.3826 and closed at 1.3864. The bias remains neutral in nearest term but we might have another downside momentum testing key level support around 1.3750 area. Break below that area should trigger further bearish scenario towards 1.3650 area. Immediate resistance is seen at 1.3950 (yesterday's high). CCI in neutral area on h1 chart
Euro/Dollar traded downwards yesterday. On the 1 and 4 hour charts this technical direction was shown with the downward direction head and shoulders formation. Immediate resistance is yesterday's top at 1.3955. Break above this level may trigger further increasing momentum toward next target 1.4070. The nearest support is represented by the 1.3820 level, followed by 1.3700. The CCI indicator has crossed up the 100 line on the 1 hour chart, assuming potential ascending pressure with possible insignificant upward correction.
Technical resistance levels: 1.3955 1.4070 1.4200
Technical support levels: 1.3820 1.3700 1.3590
Trading range: 1.3890 - 1.3815
Trend: Downward
Sell at 1.3868 SL 1.3898 TP 1.3828
