Euro/Dollar traded downwards yesterday. On the 1 and 4 hour charts this technical direction was shown with the downward direction head and shoulders formation. Immediate resistance is yesterday's top at 1.3955. Break above this level may trigger further increasing momentum toward next target 1.4070. The nearest support is represented by the 1.3820 level, followed by 1.3700. The CCI indicator has crossed up the 100 line on the 1 hour chart, assuming potential ascending pressure with possible insignificant upward correction.
Technical resistance levels: 1.3955 1.4070 1.4200
Technical support levels: 1.3820 1.3700 1.3590
Trading range: 1.3890 - 1.3815
Sell at 1.3868 SL 1.3898 TP 1.3828
Yesterday we made +50 pips profit on EUR/USD from the following signal:
5:43 GMT+1 Sell EUR/USD at 1.3906 SL 1.3932 TP 1.3856 TP reached at 7:36 GMT
Total yesterday +174, as shown at www.zifx.com/performance.php