EUR/USD 1.3987 - 15 July

EUR/USD Open 1.3968 High 1.4014 Low 1.3912 Close 1.3965

Euro/Dollar made a moderate decreasing movement on Tuesday, reaching a peak at 1.4014, than dropping down to 1.3912, closing the day at 1.3965. On the 1 hour chart there is a formed triangle, indicating consolidation phase and calm trading. The 1.4015 key resistance level might be tested soon. Immediate support for the currency couple is yesterday's bottom at 1.3910. Break under this zone may trigger further bearish pressure towards next objective downwards - the important 1.3780 support level. The CCI indicator is in the neutral zone of the 1 hour chart, suggesting calm trading.

Technical resistance levels: 1.4015 1.4135 1.4250

Technical support levels: 1.3910 1.3780 1.3655

Trading range: 1.4000 - 1.3935

Trend: Downward

Sell at 1.3987 SL 1.4017 TP 1.3947

Yesterday we made +48 pips profit on EUR/USD from the following signal:

7:30 GMT+1 Sell EUR/USD at 1.4015 SL 1.4041 TP 1.3965 exited at 7:58 GMT

Total yesterday +182, on Monday +88, as shown at www.zifx.com/performance.php