Euro/Dollar attempted to drop yesterday. The currency couple made a bottom at 1.3133, but further bearish scenario was rejected and closed the day at 1.3181. This morning, however, the downward trend was renewed. On the 4 hour chart the trend line at 1.3070 plays a key support and protects the pair from further descending for now. Short term signals are neutral. Immediate resistance is yesterday's top at 1.3230. Break above this level may trigger upward movement with targets towards 1.3330. Immediate support is 1.3070. The CCI indicator is in the neutral zone on the 1, 4 hour and daily charts.
Technical resistance levels: 1.3230 1.3330 1.3440
Technical support levels: 1.3070 1.2955 1.2835
Trading range: 1.3115 - 1.3050
Sell at 1.3101 SL 1.3131 TP 1.3061
Yesterday we made +41 pips profit on EUR/USD from the following signal:
6:41 GMT+1 Buy EUR/USD at 1.3170 SL 1.3144 TP 1.3220 exited at 7:30 GMT
Total yesterday +102, as shown at www.zifx.com/performance.php