Euro/Dollar made an insignificant increasing movement on Thursday, which continued this morning. On the 1 hour chart the extended triangle formation was broken upwards and quotes tested the 1.4035 level, assuming potential bullish perspectives. The nearest support is represented by yesterday's bottom 1.4005, the break of which may give a further descending pressure with possible test of 1.3890, followed by 1.3765. The CCI indicator is in the oversold zone and upwards on the 1 and 4 hour charts, suggesting potentially upward impulse with targets towards the above resistance, followed by 1.4115.
Technical resistance levels: 1.4195 1.4310 1.4435
Technical support levels: 1.4005 1.3890 1.3765
Trading range: 1.4110 - 1.4175
Buy at 1.4124 SL 1.4094 TP 1.4164
Yesterday we made +50 pips profit on EUR/USD from the following signal:
7:48 GMT+1 Buy EUR/USD at 1.4076 SL 1.4050 TP 1.4126 exited at 7:58 GMT
Total yesterday +134, as shown at www.zifx.com/performance.php