EUR/USD 1.4198 - 22 July

EUR/USD Open 1.4215 High 1.4276 Low 1.4164 Close 1.4224

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

Trend: Downward

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