EUR/USD 1.3284 - 7 May

EUR/USD Open 1.3313 High 1.3370 Low 1.3248 Close 1.3332

Euro/Dollar was moving neutrally yesterday, climbing insignificantly from the bottom 1.3248 to the top 1.3370, closing the day at 1.3332. Despite the returning of the risk appetite to the market we see that the Euro is currently trading within a narrow range. Rise to resistance level 1.3430 is possible if the European currency breaks yesterday's top. Immediate support is the downward trend line that is passing at 1.3245. As long as this level gives a good support, we can expect ascending continuation. Strengthening under 1.3245 will signal for decrease of the currency couple. The CCI indicator is in the oversold area on the 4 hour chart, suggesting upward pressure.

Technical resistance levels: 1.3430 1.3545 1.3650

Technical support levels: 1.3245 1.3150 1.3030

Trading range: 1.3270 - 1.3335

Trend: Upward

Buy at 1.3284 SL 1.3254 TP 1.3324

Yesterday we made +13 pips profit on EUR/USD from the following signal:

5:42 GMT+1 Buy EUR/USD at 1.3254 SL 1.3228 TP 1.3304 TP reached at 8:08 GMT

Total yesterday +164, as shown at