EUR/USD 1.3557 - 19 May

EUR/USD Open 1.3562 High 1.3578 Low 1.3426 Close 1.3560

Yesterday Euro/Dollar made an decreasing attempt, reaching a bottom at 1.3578, but further bearish impetus was rejected, and the currency couple rose up to 1.3578, closing the day at 1.3560. The current key support level is 1.3425, which is close to the trend line on the 1 hour chart. Break under this zone may cause further decreasing momentum towards 1.3330. Immediate resistance is represented by the 1.3580 level. The CCI indicator has just crossed up the 100 line on the 1 hour chart, assuming further potential upward correctional pressure.

Technical resistance levels: 1.3580 1.3665 1.3785

Technical support levels: 1.3425 1.3330 1.3210

Trading range: 1.3545 - 1.3610

Trend: Upward

Buy at 1.3557 SL 1.3525 TP 1.3597

Yesterday we made +34 pips profit on EUR/USD from the following signal:

5:56 GMT+1 Sell EUR/USD at 1.3638 SL 1.3664 TP 1.3588 exited at 8:27 GMT

Total yesterday +131, as shown at www.zifx.com/performance.php