EUR/USD 1.4985 - 12 November 2009
Euro/Dollar ascending momentum continued on Wednesday, as expected, reaching a peak at 1.5045, after which the currency couple lost its gains, closing the day at 1.4984. Signals are expected to remain rising in the short term with possible test of next objective 1.5170. But if we see a double peak technical formation, bearish correction could be expected. However, break above the above yesterday's top and first resistance should trigger stronger bullish momentum towards 1.5170. Immediate support is yesterday's bottom at 1.4960, followed by 1.4835. The CCI indicator is neutral on the 1 hour chart, suggesting calm movements.
Technical resistance levels: 1.5045 1.5170 1.5300
Technical support levels: 1.4960 1.4835 1.4700
Buy at 1.4985 SL 1.4955 TP 1.5025
Yesterday we made +50 pips profit on EUR/USD from the following signal:
5:35 GMT+1 Buy EUR/USD at 1.4980 SL 1.4954 TP 1.5030 TP reached at 8:07 GMT
Total yesterday +154, as shown in details at www.zifx.com/performance.php.