Euro/Dollar attempted to rise on Monday from the 1.4174 bottom, reaching a peak at 1.4292, but further bullish perspectives were limited and the currency pair closed the day at 1.4234. The upward triangle formation should keep the European currency upward trend intact for the moment, and clear break above 1.4295 may trigger further bullish momentum towards the key 1.4410 resistance level. The nearest support is 1.4175, the break of which may lead to further descending views with objectives towards 1.4050. The CCI indicator has crossed up the 100 line on the 1 hour chart, indicating bullish pressure.
Technical resistance levels: 1.4295 1.4410 1.4535
Technical support levels: 1.4175 1.4050 1.3905
Trading range: 1.4230 - 1.4305
Buy at 1.4244 SL 1.4214 TP 1.4294
Yesterday we made +16 pips profit on EUR/USD from the following signal:
7:30 GMT+1 Buy EUR/USD at 1.4252 SL 1.4226 TP 1.4302 exited at 7:47 GMT
Total yesterday +92, as shown at www.zifx.com/performance.php