EUR/USD 1.4273 - 14 August

EUR/USD Open 1.4282 High 1.4321 Low 1.4201 Close 1.4287

Euro/Dollar traded hesitantly on Thursday. The currency couple climbed to the 1.4321 top, after which started consolidating, closing the day at 1.4287. After the FOMC statement on Wednesday, the dollar triggered more volatile market in its whole basket, with prices making new peaks and bottoms without direction. Possible ascending scenario would be expected if the nearest 1.4320 resistance is penetrated upwards convincingly. Downward scenario may be expected if yesterday's bottom 1.4200 is broken, with possible test of the next objective at 1.4080. CCI has just crossed down the 100 line on the 1 hour chart, suggesting potential bearish pressure.

Technical resistance levels: 1.4320 1.4450 1.4565

Technical support levels: 1.4200 1.4080 1.3955

Trading range: 1.4285 - 1.4220

Trend: Downward

Sell at 1.4273 SL 1.4303 TP 1.4233

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 +55, as shown at www.zifx.com/performance.php