Technicals

EUR/USD 1.4770 - 21 August

The Euro descended significantly yesterday against the US Dollar from Wedneesday's bottom 1.4634 to the top 1.4798, after which started recovering, and the above are the the first resistance and support levels respectively for the currency couple today. If the positive trend continues, next resistance is expected at 1.4870, followed by 1.4930. In downward direction next support for today is expected at 1.4600, the break of which would lead to next target 1.4500.

Technical resistance levels: 1.4800 1.4870 1.4540

Technical support levels: 1.4675 1.4600 1.4540

Yesterday we made +14 pips profit on EUR/USD from the following signal:

6:03 GMT+1 Sell Buy EUR/USD at 1.4762 SL 1.4736 TP 1.4812 exited 6:36 GMT+1

Total yesterday +103, as shown at www.zifx.com/performance.php