EUR/USD 1.4294 - 3 June

EUR/USD Open 1.4306 High 1.4329 Low 1.4104 Close 1.4302

Euro/Dollar attempted to rise yesterday. The currency couple first declined as expected down to the 1.4104 bottom, than rose, hitting the long term target 1.4270, made a top at 1.4329, closing at 1.4302. On the 1 hour chart there is a formed triangle, indicating consolidation. Short term signals are neutral, but still rising in the medium term. Immediate support is yesterday's bottom 1.4105, followed by the key 1.4010 level. First resistance is yesterday's peak 1.4244. Break above this level may cause further bullish momentum with targets towards 1.4360. The CCI indicator is about to crossed up the 100 line on the 4 hour chart, suggesting potential ascending pressure.

Technical resistance levels: 1.4245 1.4375 1.4500

Technical support levels: 1.4105 1.4010 1.3885

Trading range: 1.4280 - 1.4345

Trend: Upward

Buy at 1.4294 SL 1.4264 TP 1.4334

Yesterday we made +10 pips profit on EUR/USD from the following signal:

5:40 GMT+1 Buy EUR/USD at 1.4164 SL 1.4138 TP 1.4214 exited at 5:45 GMT

Total yesterday +81, as shown at www.zifx.com/performance.php