EUR/USD Open 1.4115 High 1.4199 Low 1.4051 Close 1.4155

On Friday the Euro/Dollar decreased insignificantly with 110 pips. The European currency depreciated from 1.4199 to 1.4088 on Friday, matching the negative Interbank sentiment projection at bellow -1%, closing the week at 1.4155. This morning the European currency continued weakening, dropping down to 1.4051. On the 1 hour chart the downward channel is making renewal attempts, while on the 3 hour chart the downward channel is also trying to resume. Break above the nearest resistance and Friday's top at 1.4199 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.4051, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3834. There are no major economic events for EU today. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is thinly negative and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 1.4199 1.4313 1.4430
Technical support levels: 1.4051 1.3834 1.3815

Trading range: 1.4095 - 1.4020
Trend: Downward
Sell at 1.4081 SL 1.4111 TP 1.4031

On Friday we made +11 pips profit on EUR/USD from the following signal:
7:36 GMT+1 Sell EUR/USD at 1.4143 SL 1.4169 TP 1.4093, exit sent at 8:17 GMT+1.
Total on Friday +143, as shown in details at