Yesterday Euro/Dollar attempted to drop, reaching a bottom at 1.4001, but further decreasing momentum was limited and the currency couple rose to the top 1.4190, closing the day at 1.4141. In the medium term there is still no clear direction significant movement, and the European currency is trading within a range. In upward direction important resistance at 1.4200 is expected. Downwards a strong support level is yesterday's bottom at 1.4000. Break below this level may trigger further weakening of the Euro. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading.
Technical resistance levels: 1.4200 1.4325 1.4450
Technical support levels: 1.4000 1.3880 1.3755
Trading range: 1.4095 - 1.4160
Buy at 1.4107 SL 1.4077 TP 1.4147
Yesterday we made +21 pips profit on EUR/USD from the following signal:
5:42 GMT+1 Sell EUR/USD at 1.4038 SL 1.4064 TP 1.3988 exited at 6:28 GMT
Total yesterday +109, as shown at www.zifx.com/performance.php