Yesterday Euro/Dollar increased to the top 4138, from where the currency couple started descending down to the 1.3921 bottom. On the 1 hour chart is seen that the bearish impulse could not break the support level at 1.3920 and the trend line still resists. Short term signals are rising, but there seems to be strong resistance at 1.4140. Break above this level may lead to further bullish momentum towards 1.4255. The CCI indicator has crossed up the 100 line on the 1 hour chart, assuming potential increasing movement with potential testing of 1.4150. Break down of that level may renew the upward trend of the European currency.
Technical resistance levels: 1.4140 1.4255 1.4380
Technical support levels: 1.3920 1.3805 1.3690
Trading range: 1.4020 - 1.40855
Buy at 1.4032 SL 1.4002 TP 1.4072
Yesterday we made +45 pips profit on EUR/USD from the following signal:
5:41 GMT+1 Buy EUR/USD at 1.4074 SL 1.4048 TP 1.4124 exited at 6:53 GMT
Total yesterday +151, as shown at www.zifx.com/performance.php