EUR/USD 1.2911 - 12 February

EUR/USD Open 1.2861 High 1.2994 Low 1.2835 Close 1.2906

Yesterday the Euro/Dollar did not make significant movements. The currency couple climbed to the top 1.2994, than started descending, reaching a bottom at 1.2835, and closed higher at 1.2906. On the 1 hour chart after the break down of the rising channel, the pair attempted to rise again, but the channel line of the support did a very good job as a resistance. Signals remain descending for the short term towards the region of the 1.2785 and 1.2700 support levels. The CCI indicator is in a down towards the 100 line on the daily chart, suggesting potential decreasing pressure.

Technical resistance levels: 1.3000 1. 3095 1.3185

Technical support levels: 1.2785 1.2700 1.2615

Trading range: 1.2925 - 1.2860

Trend: Downward

Sell at 1.2911 SL 1.2941 TP 1.2871

Yesterday we made +32 pips profit on EUR/USD from the following signal:

5:47 GMT Sell EUR/USD at 1.2921 SL 1.2947 TP 1.2871 exited at 6:03 GMT

Total yesterday +129, as shown at