Yesterday Euro/Dollar corrected downwards. The currency couple increased to the top 1.4150, but further bullish scenario was limited and it dropped with 150 pips to the bottom 1.4001, closing the day at 1.4034. On the 1 hour chart there is a still have a valid upward trend line, and the longer the 1.3985 support and Monday's bottom endures, the key 1.4160 resistance remains next upward objective. Signals, however are neutral in the short and medium term. Next support downwards is 1.3850. Break below it may trigger further descending pressure with possible test of the the key 1.3735 support level. The CCI indicator is about to cross down the 100 line on the 1 hour chart, assuming potential downward pressure.
Technical resistance levels: 1.4160 1.4275 1.4400
Technical support levels: 1.3985 1.3850 1.3735
Trading range: 1.4055 - 1.3995
Sell at 1.4045 SL 1.4075 TP 1.4005
Yesterday we made +50 pips profit on EUR/USD from the following signal:
5:43 GMT+1 Buy EUR/USD at 1.4100 SL 1.4074 TP 1.4150 TP reached at 7:23 GMT
Total yesterday +188, as shown at www.zifx.com/performance.php