Euro/Dollar made indecisive movement on Wednesday, having dropped down to 1.4094, from where it rose to the 1.4244 top. On the 1 hour chart a diversion was formed. The nearest current support is yesterday's bottom 1.4095, the break of which may give a further descending pressure with possible test of 1.3980. Signals are expected to be descending in the short term. Immediate resistance is yesterday's top at 1.4245, the penetration of which may lead to renewal of the upward trend, with next objective 1.4350. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading within a range.
Technical resistance levels: 1.4245 1.4350 1.4465
Technical support levels: 1.4095 1.3980 1.3855
Trading range: 1.4240 - 1.4175
Sell at 1.4228 SL 1.4258 TP 1.4188
Yesterday we made +30 pips profit on EUR/USD from the following signal:
5:38 GMT+1 Sell EUR/USD at 1.4146 SL 1.4172 TP 1.4096 exited at 7:52 GMT
Total yesterday +162, as shown at www.zifx.com/performance.php