The descending movement of the Euro/Dollar slowed down yesterday. The currency couple seems to be in a consolidation phase now, as it attempted to decrease further, reaching a bottom at 1.4113, but further decreasing was stopped there and the Euro closed the day at 1.4149. The nearest current support is 1.4100, the break of which may give a further descending pressure with possible test of 1.3980. Immediate resistance is Monday's top at 1.4215, the penetration of which may lead to renewal of the upward trend, with next objective 1.4340. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading within a range.
Technical resistance levels: 1.4215 1.4340 1.4465
Technical support levels: 1.4100 1.3980 1.3855
Trading range: 1.4175 - 1.4110
Sell at 1.4163 SL 1.4193 TP 1.4123
Yesterday we made +15 pips profit on EUR/USD from the following signal:
5:38 GMT+1 Sell EUR/USD at 1.4143 SL 1.4169 TP 1.4093 exited at 7:10 GMT
Total yesterday +109, as shown at www.zifx.com/performance.php