Euro/Dollar descended on Friday. The currency couple reached a top at 1.4129, declined down to the bottom 1.3952, and closed the week lower at 1.4011. This indicates yet unclear movement direction in the short and medium term. Immediate resistance is Friday's top and 49.8% Fibonacci of the drop from 1.6025 to 1.2335 at 1.4129. Consistent movement above that level may trigger further bullish impetus with targets towards 1.4260. The nearest support is 1.3930. The CCI indicator just crossed down the 100 line on the 1 hour chart, assuming potential descending pressure.
Technical resistance levels: 1.4130 1.4260 1.4380
Technical support levels: 1.3930 1.3820 1.3690
Trading range: 1.3975 - 1.3910
Sell at 1.3962 SL 1.3992 TP 1.3922
On Friday we made +33 pips profit on EUR/USD from the following signal:
5:46 GMT+1 Buy EUR/USD at 1.4082 SL 1.4056 TP 1.4132 exited at 7:46 GMT
Total on Friday +134, as shown at www.zifx.com/performance.php