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Technicals

EUR/USD Technical Analysis 3 July 2008

03 Jul, 2008 @ 01:46 am EST
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EUR/USD 1.5865 - 3 July

EUR/USD Open 1.5789 High 1.5891 Low 1.5780 Close 1.5875

The Euro climbed yesterday against the US Dollar from yesterday's bottom 1.5780 to the top 1.5891, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance is expected at 1.5950, followed by 1.6000. In downward direction next support for today is expected at 1.5720, the break of which would lead to next target 1.5630.

Technical resistance levels: 1.5890 1.5950 1.6000

Technical support levels: 1.5780 1.5720 1.5630

Trading range: 1.5855 - 1.5915

Trend: Upward

Buy at 1.5865 SL 1.5835 TP 1.5905

Yesterday we made +37 pips profit on EUR/USD from the following signal:

6:00 GMT+1 Buy EUR/USD at 1.5810 SL 1.5784 TP 1.5860 exited 8:03 GMT+1

Total yesterday +150, as shown at www.zifx.com/performance.php

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