EUR/USD 1.4163 - 12 August

EUR/USD Open 1.4153 High 1.4183 Low 1.4113 Close 1.4149

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

Trend: Downward

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