EUR/USD 1.3764 - 21 May

EUR/USD Open 1.3772 High 1.3828 Low 1.3586 Close 1.3778

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

Trend: Upward

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