Euro/Dollar made a significant decreasing movement on Wednesday. The currency couple made a top at 1.4134, than dropped with around 240 pips down to the 1.3894 bottom, closing the day at 1.3926. On the 1 hour chart is seen that the trend line was broken upwards as a resistance, indicating potential bullish perspective. Short term signals are rising with objectives towards 1.4188. The CCI indicator is in the overbought zone and downwards of the 1 hour chart, suggesting further descending impulse with possible testing of the 1.3890 support. Break below that level may lead the European currency further downwards. The nearest resistance is yesterday's top at 1.4135.
Technical resistance levels: 1.4135 1.4250 1.4360
Technical support levels: 1.3890 1.3770 1.3645
Trading range: 1.3985 - 1.3925
Sell at 1.3975 SL 1.4005 TP 1.3935
Yesterday we made +46 pips profit on EUR/USD from the following signal:
5:44 GMT+1 Buy EUR/USD at 1.4092 SL 1.4066 TP 1.4142 exited at 7:44 GMT
Total yesterday +175, as shown at www.zifx.com/performance.php