Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as the next support levels are 1.3725, 1.3690, 1.3570 and 1.3400.MACD histogram is located in the positive zone, but below its signal line, continues to gradually decline, and thereby sends a signal to sell EUR / USD.
Stochastic Oscillator is in the neutral zone and generates a similar signal as the% K line falls below the% D.
Therefore, as a confirmation of what the forex market in a given currency pair can amplify the downward correctional movement, we can only wait for the breakdown of the support level of 1.3760, which will open the path to levels of 1.3725 and 1.3690.
At the same time, remember that aggressive buyers of EUR / USD may go back to the forex market, if everything will still be broken local maximum of 1.3860.
Traders recall that today at 15:45 MSK. will be published on the ECB's decision to the basic interest rate, and at 16:30 MSK. held monthly press conference the President of the Board of the European Central Bank head Jean Claude Trichet. Both events will have a strong influence on the further developments in this currency pair.
Resistance levels: 1.3800/10, 1.3860, 1.3900/10, 1.3940/50
Current Price: 1.3793
Support levels: 1.3760, 1.3725, 1.3710/00, 1.3670, 1.3650, 1.3610/00
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