The Euro/Dollar continue to be traded in ascending channel after breaking the resistance levels from Friday, while getting closer to the key support at 1.3140 and then back significantly up to the 1.3325 level, above which if the Euro stabilizes, it will continue its ascending movement. In the short term the trend is still ascending, despite expectations for a small twist in today's session. Trading range today is between the support level 1.3200 and the key resistance and 1.3400. General trend however is still descending with targets towards 1.2450 and then 1.2335 until the peak at 1.5000 is broken upwards.
Technical resistance levels: 1.3400 1.3520 1.3625
Technical support levels: 1.3200 1.3050 1.2960
Trading range: 1.3320 - 1.3385
Buy at 1.3331 SL 1.3301 TP 1.3371
On Friday we made +47 pips profit on EUR/USD from the following signal:
5:48 GMT Buy EUR/USD at 1.3228 SL 1.3202 TP 1.3278 exited at 6:26 GMT
Total on Friday +152, as shown at www.zifx.com/performance.php