Euro/Dollar continued its ascending scenario yesterday. The currency couple dropped to the bottom 1.3586, from where it continued its bullish impetus to the top 1.3828, climbing with about 240 pips. This fact confirms the current upward correction of the European currency for now. On the 1 hour chart we still have bearish channel of the descending impulse from 1.3800. Break upwards of the channel may cause further ascending move back to 1.3945. Immediate support is 1.3750. Break bellow this level may lead to further descending pressure. The nearest resistance is 1.3830. The CCI indicator is in the neutral zone of the 1 and 4 hour chart.
Technical resistance levels: 1.3830 1.3945 1.4060
Technical support levels: 1.3750 1.3670 1.3565
Trading range: 1.3750 - 1.3815
Buy at 1.3764 SL 1.3734 TP 1.3804
Yesterday we made +50 pips profit on EUR/USD from the following signal:
7:02 GMT+1 Buy EUR/USD at 1.3585 SL 1.3559 TP 1.3635 TP reached at 8:30 GMT
Total yesterday +176, as shown at www.zifx.com/performance.php