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
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