EUR/USD 1.3486 - 25 March

EUR/USD Open 1.3483 High 1.3676 Low 1.3444 Close 1.3468

Euro/Dollar did not made significant movement yesterday. On the 4 hour chart we can see that the pair is still trading in formed rectangle between 1.3438 and 1.3733 after the significant bullish momentum. Dent out of that range will give a clearer movement direction. Break upwards may result in further ascending scenario with targets towards the region of 1.3820, while descending exit of the channel may take the currency couple back to 1.3350. Short signals are neutral, but still rising in the medium term. The CCI indicator is in the neutral zone on the 1 and 4 hour charts.

Technical resistance levels: 1.3675 1.3800 1.3950

Technical support levels: 1.3440 1.3320 1.3210

Trading range: 1.3500 - 1.3435

Trend: Downward

Sell at 1.3486 SL 1.3516 TP 1.3446

Yesterday we made +14 pips profit on EUR/USD from the following signal:

5:47 GMT Buy EUR/USD at 1.3665 SL 1.3639 TP 1.3715 exited at 5:53 GMT

Total yesterday +103, as shown at www.zifx.com/performance.php