On Friday Euro/Dollar tested the 1.3973 top and from there descended down to 1.3839, and closed at 1.3916 after little correction. The Euro broke the 10 day SMA, heading towards the next support at 1.3980, which is 38.3% Fibonacci to of the climb from October to December. The CCI indicator is in neutral zone on 3 time frames - one hour, four hour and daily chart. The Stochastic however indicates readiness for the market to support the Euro, and it is quite possible today to see again sharp rise towards the top 1.4050. First resistance is seen at 1.3980, which is 23.5% Fibonacci of the above level.
Technical resistance levels: 1.3980 1.4100 1.4210
Technical support levels: 1.3825 1.3745 1.3570
Trading range: 1.3915 - 1.3500
Sell at 1.3901 SL 1.3931 TP 1.3861
On 30th we made +50 pips profit on EUR/USD from the following signal:
6:18 GMT Sell EUR/USD at 1.4059 SL 1.4085 TP 1.4009 TP reached at 6:32 GMT
Total on 30th +147, as shown at www.zifx.com/performance.php