Euro/Dollar was trading upwards yesterday. The currency couple opened at 1.3238 and closed the day at 1.3463. On the 4 hour chart a triangle is formed, signaling for consolidation phase after the significant bearish movement. Dent out of the triangle will give a clearer course direction. Immediate resistance is yesterday's top at 1.3510. Break upwards may cause further bullish momentum towards next target 1.3625. Overcoming the short term support level at 1.3255 could lead to a descending scenario with targets towards the region of 1.3130. The CCI indicator is in neutral zone on 3 charts - 1 hour, 4 hour and daily.
Technical resistance levels: 1.3510 1.3625 1.3770
Technical support levels: 1.3255 1.3130 1.3000
Trading range: 1.3450 - 1.3385
Sell at 1.3436 SL 1.3466 TP 1.3396
Yesterday we made +47 pips profit on EUR/USD from the following signal:
5:45 GMT Buy EUR/USD at 1.3263 SL 1.3237 TP 1.3313 exited at 7:22 GMT
Total yesterday +171, as shown at www.zifx.com/performance.php