Euro/Dollar failed to continue the downward movement on Thursday. The currency couple dropped to the bottom 1.3892, but further descending scenario was rejected and the European currency climbed up to the 1.4007 top, closing the day at 1.3987. On the 1 hour chart is seen that the trend line was broken upwards as a resistance. nearest resistance resistance is 1.4100. Break above this zone may trigger further increasing impetus towards the key 1.4220 resistance level. Immediate support is 1.3890. The CCI indicator has crossed down the 100 line on the 1 and hour chart, suggesting descending pressure.
Technical resistance levels: 1.4100 1.4220 1.4345
Technical support levels: 1.3890 1.3770 1.3645
Trading range: 1.4070 - 1.4010
Sell at 1.4060 SL 1.4090 TP 1.4020
Yesterday we made +40 pips profit on EUR/USD from the following signal:
5:48 GMT+1 Sell EUR/USD at 1.3968 SL 1.3994 TP 1.3918 exited at 8:33 GMT
Total yesterday +158, as shown at www.zifx.com/performance.php