Euro/Dollar had an increasing momentum yesterday. The currency couple attempted to drop to the bottom 1.3121, but further decreasing scenario was rejected and the Euro rose sharply, reaching a peak at 1.3337, climbing over 200 pips, and closed at 1.3271. The fact that the day was closed above 1.3250 is suggesting renewal of the upward trend in the short term. In the medium term quote movements are considered as normal as they are still within the triangle. Yesterday the short term resistance is yesterday's and this morning's top 1.3335. Break above this level may cause a further increasing impetus with testing of 1.3440 and 1.3555. Immediate support is yesterday's bottom 1.3030. The CCI indicator is in the neutral area on the 4 hour and daily charts.
Technical resistance levels: 1.3335 1.3440 1.3555
Technical support levels: 1.3120 1.3030 1.2900
Trading range: 1.3260 - 1.3325
Buy at 1.3271 SL 1.3241 TP 1.3311
Yesterday we made +38 pips profit on EUR/USD from the following signal:
5:46 GMT+1 Buy EUR/USD at 1.3176 SL 1.3150 TP 1.3226 exited at 6:32 GMT
Total yesterday +111, as shown at www.zifx.com/performance.php