Euro/Dollar traded with a decline yesterday. The currency couple failed to hold above 1.3300, bottomed at 1.3157 and closed the day at 1.3226. There is a descending triangle on the daily chart, formed in the main bearish trend, so technically the European currency should remain with downwards perspectives for now. Short term signals are descending with testing of the support level 1.3150.Immediate resistance is 1.3300. The CCI indicator is in the neutral zone on the daily and 4 hour charts. Immediate support is yesterday's bottom at 1.3155.
Technical resistance levels: 1.3300 1.3425 1.3540
Technical support levels: 1.3155 1.3060 1.2955
Trading range: 1.3180 - 1.3245
Buy at 1.3193 SL 1.3163 TP 1.3233
Yesterday we made +44 pips profit on EUR/USD from the following signal:
5:47 GMT+1 Sell EUR/USD at 1.3261 SL 1.3287 TP 1.3211 exited at 7:33 GMT
Total yesterday +182, as shown at www.zifx.com/performance.php