EUR/USD 1.3927 - 18 June

EUR/USD Open 1.3934 High 1.3977 Low 1.3806 Close 1.3943

Euro/Dollar made significant upward movement on Wednesday. The currency couple decreased to the bottom 1.3806, but further bearish impetus was rejected as the European currency rose sharply to the top 1.3977, closing at 1.3943. Signals are neutral for now, but there is still potential for the decreasing scenario to be renewed, especially if the quotes consistently move under 1.3800. Dent at the above key level downwards may trigger further bearish movement with targets towards 1.3650. The nearest resistance is yesterday's top at 1.3975, followed by 1.4090.

Technical resistance levels: 1.3975 1.4090 1.4200

Technical support levels: 1.3800 1.3650 1.3490

Trading range: 1.3915 - 1.3980

Trend: Upward

Buy at 1.3927 SL 1.3897 TP 1.3967

Yesterday we made +40 pips profit on EUR/USD from the following signal:

6:41 GMT+1 Buy EUR/USD at 1.3887 SL 1.3861 TP 1.3937 exited at 7:54 GMT

Total yesterday +151, as shown at www.zifx.com/performance.php