Yesterday Euro/Dollar had an ascending impulse. The currency couple reached a peak at 1.2894 and closed at 1.2919. On the 4 hour chart there is a symmetrical triangle formation, which indicates a consolidation phase. Therefore, currently, signals are neutral. First resistance is at 1.2900. Break above this level may lead to further bullish scenario towards 1.3040. The CCI indicator is downwards towards the 100 line on the 1 hour chart, assuming potential descending pressure with possible testing of the support levels 1.2650 and 1.2540.
Technical resistance levels: 1.2900 1. 3000 1.3130
Technical support levels: 1.2650 1.2540 1.2425
Trading range: 1.2735 - 1.2670
Sell at 1.2722 SL 1.2752 TP 1.2682
Yesterday we made +50 pips profit on EUR/USD from the following signal:
5:46 GMT Buy EUR/USD at 1.2821 SL 1.2795 TP 1.2871 TP reached at 7:29 GMT
Total yesterday +153, as shown at www.zifx.com/performance.php