EUR/USD 1.4183 - 29 July

EUR/USD Open 1.4161 High 1.4298 Low 1.4132 Close 1.4166

Euro/Dollar made significant movements on Tuesday. The currency couple first climbed to the 1.4298 top, than collapsed with over 150 pips down to the 1.4132 bottom, closing the day at 1.4166. Important support downwards is the the above bottom level 1.4132. Only a clear break bellow this level may give convincing bearish impulse towards next target 1.4050. Our short term scenario is bearish, but neutral in the medium term. The nearest resistance is Monday's top 1.4300, the break of which may trigger further ascending pressure with possible test of 1.4410. The CCI indicator crossed is neutral on the 1 hour chart, suggesting calm trading.

Technical resistance levels: 1.4300 1.4410 1.4535

Technical support levels: 1.4130 1.4010 1.3905

Trading range: 1.4195 - 1.4130

Trend: Downward

Sell at 1.4183 SL 1.4213 TP 1.4143

Yesterday we made +49 pips profit on EUR/USD from the following signal:

5:40 GMT+1 Buy EUR/USD at 1.4254 SL 1.4228 TP 1.4304 exited at 8:12 GMT

Total yesterday +158, as shown at