Euro/Dollar moved towards the key support level at 1.3830, where the bearish movement was limited and the currency couple bounced upwards, climbing with around 270 pips to the top 4105. We may expect short term increase of the European currency till the above support level is not broken. Break of the 1.3830 support may trigger renewal of the downward trend towards 1.3690. The nearest resistance level is today's top 1.4110. If broken up, further ascending impulse may be triggered towards next target 1.4230. The CCI indicator has just crossed up the 100 line on the 1 hour chart, suggesting further bullish movement.
Technical resistance levels: 1.4110 1.4230 1.4360
Technical support levels: 1.3960 1.3830 1.3690
Trading range: 1.4070 - 1.4135
Buy at 1.4082 SL 1.4052 TP 1.4122
Yesterday we made +50 pips profit on EUR/USD from the following signal:
5:43 GMT+1 Sell EUR/USD at 1.3866 SL 1.3892 TP 1.3816 exited at 7:03 GMT
Total yesterday +154, as shown at www.zifx.com/performance.php