EUR/USD 1.5767 - 9 June

EUR/USD Open 1.5773 High 1.5797 Low 1.5573 Close 1.5782

The Euro climbed significantly on Friday against the US Dollar from 1.5573 to 1.5772 because of the disastrous US unemployment figures, Israel's warning to Iraq and EBS threat to hike rates, all of which conspired to boost the oil and destroy the US currency in July. The first support level for the currency couple today is the Friday's bottom at 1.5575. Next support downwards for today is expected at 1.5490, the break of which would lead to next target 1.5400. If the positive trend continues, first resistance is expected at today's top 1.5795, followed by 1.5870, and 1.5950.

Technical resistance levels: 1.5795 1.5870 1.5950

Technical support levels: 1.5575 1.5490 1.5400

Trading range: 1.5755 - 1.5820

Trend: Upward

Buy at 1.5767 SL 1.5737 TP 1.5807

On Friday we made +16 pips profit on EUR/USD from the following signal:

6:44 GMT+1 Buy EUR/USD at 1.5600 SL 1.5574 TP 1.5650 exited 6:45 GMT+1

Total on Friday +64, as shown at