Euro/Dollar started descending after it made a peak on Monday at 1.3390. Yesterday the currency couple continued the downward movement. The currency couple broke the 1.3350 resistance again yesterday, reaching a peak of 1.3368, and closing at 1.3258. From the downward perspective, seen on the decreasing triangle on the 4 hour chart, the bullish impulse on Monday was normal, but the fact that the pair climbs above 1.3350 should be taken as serious warning. If the quotes today continue to remain above the above former resistance, we may see another rising attempt with testing of 1.3490. The CCI indicator, however is about to cross down the 100 line on the daily chart, signaling for downwards pressure.
Technical resistance levels: 1.3370 1.3465 1.3590
Technical support levels: 1.3185 1.3070 1.2955
Trading range: 1.3270 - 1.3205
Sell at 1.3259 SL 1.3289 TP 1.3219
Yesterday we made +33 pips profit on EUR/USD from the following signal:
5:45 GMT+1 Buy EUR/USD at 1.3335 SL 1.3309 TP 1.3385 exited at 6:14 GMT
Total yesterday +130, as shown at www.zifx.com/performance.php