Euro/Dollar was trading hesitantly on Wednesday within a small range 1.4164 - 1.4253, closing the day at 1.4220. There is a narrowing trading range on the 1 hour chart, indicating consolidating market with unclear direction yet. An important key resistance upwards is the 1.4275 level. Break above this quote may trigger further rising impetus towards next upwards objective 1.4400. The nearest support is represented by the 1.4165 level. If that level is penetrated, we may see further decreasing impulse with possible test of 1.4050. The CCI indicator is in the neutral zone the 1 hour chart, indication consolidation.
Technical resistance levels: 1.4275 1.4400 1.4515
Technical support levels: 1.4165 1.4050 1.3925
Trading range: 1.4260 - 1.4195
Sell at 1.4247 SL 1.4277 TP 1.4207
Yesterday we made +11 pips profit on EUR/USD from the following signal:
5:38 GMT+1 Sell EUR/USD at 1.4196 SL 1.4222 TP 1.4146 exited at 5:58 GMT
Total yesterday +132, as shown at www.zifx.com/performance.php