Euro/Dollar made a significant downward movement on Thursday. The currency couple made a top at 1.4148, than descended down to the 1.3933 bottom, closing the day at 1.4002. Technically the fact, that the 1.4000 support was penetrated downwards should create conditions for decreasing scenario with targets towards 1.3930, followed by 1.3810. The nearest resistance is Wednesday's top 1.4190. The CCI indicator is in the overbought zone and downwards on the 1 hour chart, assuming potential consolidation.
Technical resistance levels: 1.4200 1.4325 1.4450
Technical support levels: 1.3930 1.3810 1.3700
Trading range: 1.4015 - 1.3950
Sell at 1.4003 SL 1.4033 TP 1.3963
Yesterday we made +19 pips profit on EUR/USD from the following signal:
5:42 GMT+1 Buy EUR/USD at 1.4109 SL 1.4083 TP 1.4159 exited at 6:33 GMT
Total yesterday +151, as shown at www.zifx.com/performance.php