Yesterday Euro/Dollar climbed to 1.2811, than made a moderate descending movement to 1.2620. However, no significant movement was made last week, as prices failed to remain under 1.2475 and now the currency couple seems moving in the range 1.2452 - 1.2815. Signals are neutral in the short term, but the long term decreasing scenario remains valid. Any move below the key 1.2465 level may cause decreasing impetus to the region of 1.2310. Immediate resistance is 1.2815 followed by 1.2940. The CCI indicator is in the neutral zone of the 4 hour chart.
Technical resistance levels: 1.2815 1.2940 1.3055
Technical support levels: 1.2555 1.2465 1.2310
Trading range: 1.2690 - 1.2625
Sell at 1.2676 SL 1.2706 TP 1.2636
Yesterday we made +16 pips profit on EUR/USD from the following signal:
5:45 GMT Sell EUR/USD at 1.2701 SL 1.2727 TP 1.2651 exited at 7:10 GMT
Total yesterday +158, as shown at www.zifx.com/performance.php