EUR/USD 1.4245 - 4 September 2009
EUR/USD Open 1.4256 High 1.4351 Low 1.4238 Close 1.4251

Euro/Dollar made a moderate bullish movement on Thursday, reaching a peak at 1.4351 and closing the day at 1.4251. Of the 1 hour chart the ascending triangle formation was broken downwards, suggesting a potential bearish scenario, which, however, is limited at the 1.4190 support level, as generally the currency couple is still in a consolidation phase. Our expectations in the short term are for further ascending impetus towards 1.4350, and neutral in the medium term. Break above this level may trigger stronger bullish momentum towards 1.4465. The nearest support is Wednesday's bottom 1.4190. The CCI indicator has crossed up the 100 line on the 1 hour chart, suggesting existence of rising pressure.

Technical resistance levels: 1.4350 1.4465 1.4600

Technical support levels: 1.4190 1.4060 1.3950

Trading range: 1.4235 - 1.4295Yesterday we made +11 pips profit on EUR/USD from the following signal:

5:36 GMT+1 Sell EUR/USD at 1.4279 SL 1.4305 TP 1.4229 exited at 6:55 GMT

Total yesterday +64, as shown at


Trend: Upward

Buy at 1.4245 SL 1.4215 TP 1.4285