Euro/Dollar made a significant upward movement yesterday. Upward pressure is still there, as we saw strong movement above 1.3150 during the U.S. session, as we expected. There is a link between the climbing CCI indicator and the secondary descending channel on the 4 hour chart. Break of the above channel would suggest further upward scenario with testing of the resistance level of 1.3550 before reaching the next target further up 1.3700. Immediate support is represented by the 1.3105 level.
Technical resistance levels: 1.3550 1.3700 1.3825
Technical support levels: 1.3105 1.2990 1.2835
Trading range: 1.3420 - 1.3485
Buy at 1.3433 SL 1.3403 TP 1.3473
Yesterday we made +26 pips profit on EUR/USD from the following signal:
5:47 GMT Buy EUR/USD at 1.3038 SL 1.3012 TP 1.3088 exited at 6:39 GMT
Total yesterday +80, as shown at www.zifx.com/performance.php