EUR/USD 1.4199 - 5 June

EUR/USD Open 1.4175 High 1.4231 Low 1.4078 Close 1.4179

Yesterday the U.S. Dollar recovered from the lowest level this year against the Euro to the top 1.4231, from where it dropped down to 1.4078, closing the day at 1.4179. On the daily chart there is a formed triangle, which indicates consolidation. The descending impulse is significant, but technical rising scenario in the medium term is not affected yet. The longer the European currency stays above 1.4060, the bullish trend line on the 1 hour chart should withstand. Short term signals are descending. Break under 1.4060 may cause greater bearish correction towards 1.3900. The CCI indicator is about to cross down the 100 line on the 1 hour chart, suggesting a potential downward pressure.

Technical resistance levels: 1.4230 1.4370 1.4500

Technical support levels: 1.4060 1.3900 1.3805

Trading range: 1.4210 - 1.4145

Trend: Downward

Sell at 1.4199 SL 1.4229 TP 1.4159

Yesterday we made +21 pips profit on EUR/USD from the following signal:

5:41 GMT+1 Sell EUR/USD at 1.4171 SL 1.4197 TP 1.4121 exited at 6:02 GMT

Total yesterday +103, as shown at