EUR/USD 1.3608 - 20 May

EUR/USD Open 1.3632 High 1.3667 Low 1.3532 Close 1.3628

Euro/Dollar continued its ascending scenario yesterday. The currency couple dropped to the bottom 1.3532, from where it continued its bullish impetus to the top 1.3667. This fact confirms the current upward correction of the European currency for the time being. On the 1 hour chart we still have bearish channel of the descending impulse from 1.3715. Break upwards of the channel may cause further ascending move back to 1.3715. Immediate support is 1.3475. Break above this level may lead to further descending pressure. The nearest resistance is 1.3665. The CCI indicator is in the neutral zone of the 1 and 4 hour chart.

Technical resistance levels: 1.3665 1.3785 1.3900

Technical support levels: 1.3475 1.3350 1.3230

Trading range: 1.3595 - 1.3660

Trend: Upward

Buy at 1.3608 SL 1.3578 TP 1.3648

Yesterday we made +39 pips profit on EUR/USD from the following signal:

5:39 GMT+1 Buy EUR/USD at 1.3556 SL 1.3530 TP 1.3606 exited at 7:51 GMT

Total yesterday +167, as shown at www.zifx.com/performance.php