Euro/Dollar continued to move around the support levels, but the decreasing trend could not be confirmed. Current indicators suggest that the couple is in the oversold zone, which can lead to an upward correction towards 1.2760 before returning to 1.2520, and then 1.2400. Trading range today is between the key support of 1.2335 and the 1.2845 resistance. Short term trend is upwards, while medium term trend is still decreasing, while 1.2720 remains untouched, with targets towards 1.2350 and 1.2130.
Technical resistance levels: 1.2750 1. 2845 1.2965
Technical support levels: 1.2515 1.2440 1.2335
Trading range: 1.2565 - 1.2630
Buy at 1.2579 SL 1.2549 TP 1.2619
Yesterday we made +9 pips profit on EUR/USD from the following signal:
5:48 GMT Sell EUR/USD at 1.2581 SL 1.2607 TP 1.2531 exited at 7:17 GMT
Total yesterday +109, as shown at www.zifx.com/performance.php