Euro/Dollar started this week with a positive increasing trend. Strong key resistance for the currency couple is 1.4240. If that level is broken upwards, further bullish momentum may be experienced towards next objective 1.4350. The European currency has formed a triangle on the 1 hour chart, which shows hesitant movements for the last 2 weeks. The nearest support is represented by the 1.4110 level, followed by 1.4000. The CCI indicator is about to cross down the 100 line on the 1 hour chart, assuming potential descending views.
Technical resistance levels: 1.4240 1.4350 1.4465
Technical support levels: 1.4110 1.4000 1.3875
Trading range: 1.4230 - 1.4165
Sell at 1.4216 SL 1.4246 TP 1.4176
Yesterday we made +35 pips profit on EUR/USD from the following signal:
5:37 GMT+1 Buy EUR/USD at 1.4157 SL 1.4131 TP 1.4207 TP reached at 8:57 GMT
Total yesterday +174, on Friday +93, as shown at www.zifx.com/performance.php