On Thursday Euro/Dollar made a moderate upward movement. On the 1 hour chart is seen that that quotes tested again the upward trend line. Short term signals are neutral for now, and we will wait for further developments to give us clearer movement direction. Immediate support is yrsterday's bottom 1.3955, followed by 1.3820. The nearest resistance is yesterday's top 1.4155. Break above this level may trigger further increasing momentum with targets towards 1.4250. The CCI indicator is in the neutral zone of the 1 and 4 hour charts.
Technical resistance levels: 1.4155 1.4250 1.4380
Technical support levels: 1.3955 1.3820 1.3690
Trading range: 1.4060 - 1.4120
Buy at 1.4070 SL 1.4040 TP 1.4110
Yesterday we made +13 pips profit on EUR/USD from the following signal:
5:41 GMT+1 Buy EUR/USD at 1.4048 SL 1.4022 TP 1.4098 exited at 5:46 GMT
Total yesterday +119, as shown at www.zifx.com/performance.php