EUR/USD 1.3910 - 22 May

EUR/USD Open 1.3902 High 1.3955 Low 1.3736 Close 1.3892

After breaking of the descending channel, the Euro/Dollar reached the target 1.3914, and continued rising, close to the the resistance at 1.3960. Short term signals are rising, while neutral in the medium term. Next target upwards is 1.4075, but we may first see a slight downward correction of the general ascending trend, towards 1.3750. Today's trading range is between 1.3660 and the key resistance 1.4075. The CCI indicator is about to cross down the 100 line on the 4 hour chart, suggesting potential descending pressure.

Technical resistance levels: 1.3960 1.4075 1.4180

Technical support levels: 1.3750 1.3670 1.3565

Trading range: 1.3900 - 1.3960

Trend: Upward

Buy at 1.3910 SL 1.3880 TP 1.3950

Yesterday we made +50 pips profit on EUR/USD from the following signal:

5:43 GMT+1 Buy EUR/USD at 1.3772 SL 1.3746 TP 1.3822 TP reached at 9:16 GMT

Total yesterday +191, as shown at www.zifx.com/performance.php