EUR/USD 1.3577 - 14 May

EUR/USD Open 1.3589 High 1.3717 Low 1.3530 Close 1.3599

Yesterday Euro/Dollar corrected downwards, climbed to 1.3717, before returning back to the 1.3530 level. Yesterday's flag formation gave us a valid ascending signal after the upwards break. Signals are neutral in the short term and rising in the medium term. Short term support is represented by the 1.3530 level, followed by 1.3455. Immediate resistance is 1.3725. The CCI indicator is in the neutral zone on the 1 and 4 hour charts.

Technical resistance levels: 1.3725 1.3845 1.3910

Technical support levels: 1.3530 1.3455 1.3330

Trading range: 1.3590 - 1.3525

Trend: Downward

Sell at 1.3577 SL 1.3607 TP 1.3537

Yesterday we made +45 pips profit on EUR/USD from the following signal:

5:49 GMT+1 Buy EUR/USD at 1.3672 SL 1.3646 TP 1.3722 exited at 6:55 GMT

Total yesterday +119, as shown at www.zifx.com/performance.php