Euro/Dollar was moving hesitantly on Tuesday. The currency couple convincingly tested the 1.4275 resistance level, than descending down to 1.4164, closing the day at 1.4224. Short term signals are neutral. If yesterday's top is broken upwards, further bullish momentum may be expected with targets towards the previous top 1.4400. The CCI indicator is in the overbought zone and downwards of the 1 and 4 hour charts, suggesting deepening of the current downward correction. Break below the first support at 1.4100 may trigger further decreasing impulse.
Technical resistance levels: 1.4275 1.4400 1.4515
Technical support levels: 1.4100 1.4000 1.3875
Trading range: 1.4215 - 1.4155
Sell at 1.4205 SL 1.42358 TP 1.4165
Yesterday we made +6 pips profit on EUR/USD from the following signal:
5:37 GMT+1 Buy EUR/USD at 1.4208 SL 1.4182 TP 1.4258 exited at 8:57 GMT
Total yesterday +104, as shown at www.zifx.com/performance.php