EUR/USD 1.3663 - 13 May

EUR/USD Open 1.3644 High 1.3720 Low 1.3563 Close 1.3652

Yesterday Euro/Dollar made nenewd its upward trend, making a bottom at 1.3563, closing at 1.3652, and climbing to this morning's top 1.3720. On the 1 hour chart there is a flag formation, which technically is considered as a continuation of the neutral trend figure. Break upward of the flag may cause further bullish scenario towards 1.3845. Signals are neutral in the short term. Immediate support is 1.3560, followed by 1.3440. Short term resistance is this morning's top 1.3720. The CCI indicator is in the neutral zone of the 4 hour chart.

Technical resistance levels: 1.3720 1.3845 1.3910

Technical support levels: 1.3560 1.3440 1.3330

Trading range: 1.3650 - 1.3715

Trend: Upward

Buy at 1.3663 SL 1.3633 TP 1.3703

Yesterday we made +24 pips profit on EUR/USD from the following signal:

7:05 GMT+1 Sell EUR/USD at 1.3627 SL 1.3653 TP 1.3577 exited at 7:53 GMT

Total yesterday +106, as shown at www.zifx.com/performance.php