Euro/Dollar made insignificant movements yesterday with around 100 pips margin. The currency couple ascended to the bottom 1.3988, from where it started dropping down to the 1.3882 bottom. The new flag formation on the 1 hour chart suggests short term descending scenario for the European currency. Break up of the flag formation from the above top level might trigger bullish momentum towards 1.4230. Immediate support is 1.3880. The CCI indicator has crossed up the 100 line on the 1 hour chart, suggesting potential upward impulse.
Technical resistance levels: 1.3990 1.4100 1.4230
Technical support levels: 1.3880 1.3750 1.3590
Trading range: 1.3900 - 1.3965
Buy at 1.3913 SL 1.3883 TP 1.3953
Yesterday we made +45 pips profit on EUR/USD from the following signal:
5:42 GMT+1 Buy EUR/USD at 1.3946 SL 1.3920 TP 1.3996 exited at 8:24 GMT
Total yesterday +170, as shown at www.zifx.com/performance.php