Euro/Dollar made a hesitating movement yesterday and stayed inside the formed triangle on daily chart. The currency couple climbed to the top 1.3332, but the bullish movement was limited and the Euro dropped sharply to 1.3132, and closed the day at 1.3164. On the 4 hour chart the lower trend line provides good support for the European currency. Break downwards may cause further decreasing scenario. Signals are neutral for the time being. Immediate resistance is seen at 1.3330. Break above this level may cause further bullish momentum with testing of the 1.3390 resistance, followed by 1.3450. Short term support is this morning's bottom 1.3090, the break of which may lead to decreasing scenario with targets towards 1.2970. The CCI indicator is in the neutral zone on 3 charts - 1 hour, 4 hour and daily.
Technical resistance levels: 1.3330 1.3450 1.3590
Technical support levels: 1.3155 1.2970 1.2855
Trading range: 1.3155 - 1.3090
Sell at 1.3141 SL 1.3171 TP 1.3101
Yesterday we made +22 pips profit on EUR/USD from the following signal:
5:48 GMT+1 Sell EUR/USD at 1.3275 SL 1.3301 TP 1.3225 exited at 6:19 GMT
Total yesterday +149, as shown at www.zifx.com/performance.php