Euro/Dollar rose on Monday. The currency couple reached the 1.3983 bottom, from where it started climbing, closing the day at 1.4077. On the 1 hour chart is seen that the currency couple is trying to go under the trend line, which, however, still endures. This should cause further upwards pressure in the short term with retest of the key resistance 1.4160. However, the longer the European currency remains under that level, medium term signals remain unclear and might be better to await further development. The nearest support is 1.3980, followed by 1.3765. The CCI indicator is in the neutral zone of the 1 and 4 hour and charts, suggesting calm trading.
Technical resistance levels: 1.4160 1.4275 1.4400
Technical support levels: 1.3890 1.3765 1.3645
Trading range: 1.4090 - 1.4155
Buy at 1.4101 SL 1.4071 TP 1.4141
Yesterday we made +49 pips profit on EUR/USD from the following signal:
5:41 GMT+1 Sell EUR/USD at 1.4031 SL 1.4057 TP 1.3981 exited at 7:35 GMT
Total yesterday +154, as shown at www.zifx.com/performance.php