EUR/USD 1.3193 - 16 April

EUR/USD Open 1.3224 High 1.3288 Low 1.3157 Close 1.3226

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

Trend: Upward

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