EUR/USD 1.4107 - 17 July

EUR/USD Open 1.4138 High 1.4160 Low 1.4058 Close 1.4148

Euro/Dollar made an increasing movement on Thursday, reaching a peak at 1.4160, and closing the day at 1.4148. It is too early to accept possible prospects for bullish scenario, but the 1.4100 resistance was penetrated convincingly upwards, and if the currency couple manages to hold above that level, we may see further significant upward impulse towards next objective 1.4300 before possible testing of the 1.4415 level. In downward direction the nearest support is yesterday's bottom 1.4060, followed by 1.3930. The CCI indicator is in the neutral zone on the 1 hour chart, suggesting calm trading.

Technical resistance levels: 1.4160 1.4300 1.4415

Technical support levels: 1.4060 1.3930 1.3800

Trading range: 1.4095 - 1.4160

Trend: Upward

Buy at 1.4107 SL 1.4077 TP 1.4147

Yesterday we made +22 pips profit on EUR/USD from the following signal:

5:38 GMT+1 Buy EUR/USD at 1.4066 SL 1.4040 TP 1.4116 exited at 6:43 GMT

Total yesterday +124, on Wednesday +160, as shown at www.zifx.com/performance.php