FXstreet.com (Barcelona) - After it has been traded in a tiny range between 1.3960 and 1.3990 with sideways, the cable is currently testing 1.4000 level again.

Valeria Bednarik, FXstreet.com collaborator, says: Correcting the downside over sold state after reaching the 1.3860 level, the pair is fighting key 1.3965 zone. While momentum suggests some more upside runs, CCI seems exhausted. 200 EMA together with 20 SMA around 1.4000 should contain the upside. Confirmations above will advance further upside in the next hours.

Valeria provide us with her numbers: Support levels: 1.3960 1.3916 1.3861. Resistance levels: 1.4010 1.4045/60 1.4105