EUR/USD 1.4137 - 1 June

EUR/USD Open 1.3928 High 1.4170 Low 1.3976 Close 1.4150

After the downwards movement last week, Euro/Dollar started climbing from Thursday. This is not surprising as the long term prospects remain bullish. On the 4 hour chart there is a formed a rectangle between 1.3860 an 1.4170, indicating consolidation. Currently the European currency is trading neutrally. Immediate resistance is 1.4170. Break above this level may cause further ascending momentum towards next target 1.4285. The nearest support is 1.3975, followed by 1.3860. The CCI indicator is in the neutral zone of the 4 hour chart.

Technical resistance levels: 1.4170 1.4285 1.4400

Technical support levels: 1.3975 1.3860 1.3740

Trading range: 1.4125 - 1.4190

Trend: Upward

Buy at 1.4137 SL 1.4107 TP 1.4177

On Friday we made +30 pips profit on EUR/USD from the following signal:

5:49 GMT+1 Buy EUR/USD at 1.3987 SL 1.3961 TP 1.4037 exited at 8:35 GMT

Total on Friday +116, as shown at www.zifx.com/performance.php