_20140723100213.png "EUR/USD Daily technical analysis July 23, 2014")
currency pair movement [main scenario]
The pair was moving according to yesterday's forecast, today the movement stopped, Tenkan and Kijun lines are bound above the price, the price is moving below the descending cloud, a slight correction till the 1,3488 resistance level is being expected, after that we forecast the further descending movement. We should sell the pair below the 1,3488 resistance level, set take profit at these support levels - 1,3458, 1,3440, 1,3415.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed above the 1,3488 resistance level, in such a case the further ascending movement till these resistance levels - 1,3512, 1,3530 is quite possible.
LEVELS
Resistance: 1,3488; 1,3512; 1,3530.
Support: 1,3458; 1,3440; 1,3415.
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