EUR/USD 1.4573 - 10 September 2009
EUR/USD Open 1.4553 High 1.4593 Low 1.4466 Close 1.4556

On Wednesday Euro/Dollar was trading hesitantly in the morning, than continued climbing to the 1.4593 top for this year, closing the day at 1.4556. Signals are expected to be rising in the short term with possible test of 1.4700. However, the CCI indicator is in the overbought zone and downwards of the 3 hour chart graphics, so be aware for potential decreasing impulse with targets towards the 1.4465 support. Break under this level may lead lead to weakening of the European currency further down to 1.4350. CCI on the 1 hour chart, however, is up, with accumulated bullish pressure.

Technical resistance levels: 1.4595 1.4700 1.4830

Technical support levels: 1.4465 1.4350 1.4225

Trading range: 1.4560 - 1.4625

Trend: Upward

Buy at 1.4573 SL 1.4543 TP 1.4613

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

5:36 GMT+1 Buy EUR/USD at 1.4487 SL 1.4461 TP 1.4537 exited at 7:10 GMT

Total yesterday +101, as shown at www.zifx.com/performance.php

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