Euro/Dollar rose yesterday to to the 1.3334 top, than made and attempt to drop, but further bearish scenario was rejected as the pair closed at 1.3249. On the 4 hour chart there is a formed hammer at around 49.6% Fibonacci level in the region of 1.3182, which suggests strong support and a potential rebound upwards. Trading signals are neutral for now. First resistance is seen at 1.3335. Break upwards may cause further bullish momentum towards 1.3425. Overcoming the 1.3125 support could lead to descending move towards 1.2960. The CCI indicator has just crossed down the 100 line on the 4 hour chart, signaling for potential downward pressure.
Technical resistance levels: 1.3335 1.3425 1.3590
Technical support levels: 1.3125 1.3010 1.2900
Trading range: 1.3220 - 1.3155
Sell at 1.3208 SL 1.3238 TP 1.3168
Yesterday we made +25 pips profit on EUR/USD from the following signal:
5:46 GMT Buy EUR/USD at 1.3238 SL 1.3212 TP 1.3288 exited at 7:21 GMT
Total yesterday +111, as shown at www.zifx.com/performance.php