Yesterday Euro/Dollar climbed to the top 1.2675, from where it started descending, and closed at 1.2561. This morning the currency couple continued its decreasing to 1.2458, which may be a sign of renewal of the downwards trend of the EUR/USD. On the 1 hour chart the Euro broke down out of the symmetrical triangle, which indicates a descending scenario. Currently signals are downwards. Immediate support is 1.2410. Break below this level may cause further descending towards 1.2300. First resistance is yesterday's top 1.2675. The CCI indicator crossed down the 100 line of the 1 hour chart, suggesting potential downwards pressure.
Technical resistance levels: 1.2675 1.2800 1.2910
Technical support levels: 1.2410 1.2300 1.2190
Trading range: 1.2510 - 1.2445
Sell at 1.2499 SL 1.2529 TP 1.2459
Yesterday we made +39 pips profit on EUR/USD from the following signal:
6:16 GMT Sell EUR/USD at 1.2667 SL 1.2693 TP 1.2617 exited at 7:44 GMT
Total yesterday +157, as shown at www.zifx.com/performance.php