EUR/USD 1.3822 - 28 May

EUR/USD Open 1.3833 High 1.4000 Low 1.3794 Close 1.3829

Yesterday Euro/Dollar continued the downward correction from the top 1.4000 to a bottom 1.3825, closing the day at 1.3829. The downward movement continued this morning and signal are descending for the time being, although it seems the battle between buyers and sellers technically impacts the resistance line at yesterday's top 1.4000, and the support trend line. Break above 1.4000 may lead to further upward trend continuation towards 1.4165, while break down of the trend line could lead to a downward correction with test of the key support level 1.3660, followed by 1.3545. Immediate support is represented by this morning's bottom 1.3795. The CCI indicator is in the neutral zone on the 4 hour chart.

Technical resistance levels: 1.4045 1.4165 1.4285

Technical support levels: 1.3795 1.3660 1.3545

Trading range: 1.3835 - 1.3770

Trend: Downward

Sell at 1.3822 SL 1.3852 TP 1.3782

Yesterday we made +47 pips profit on EUR/USD from the following signal:

5:47 GMT+1 Sell EUR/USD at 1.3972 SL 1.3998 TP 1.3922 exited at 7:29 GMT

Total yesterday +145, as shown at www.zifx.com/performance.php