EUR/USD 1.3925 - 8 July

EUR/USD Open 1.3912 High 1.4046 Low 1.3881 Close 1.3918

Euro/Dollar made a moderate downward movement on Tuesday. The currency couple climbed to the 1.4046 top, than dropped down to 1.3910. On the 1 hour chart the European currency broke the 1.3910 support downwards. There is no significant directional movement so far, as the European currency showed no clear direction for the last few weeks. Currently, however there is a bigger descending pressure with possible testing of the key 1.3770 support level. The nearest resistance is 1.4045. The CCI indicator is downwards of the 100 line on the 1 hour chart, suggesting potential downward pressure.

Technical resistance levels: 1.4045 1.4125 1.4250

Technical support levels: 1.3880 1.3770 1.3650

Trading range: 1.3935 - 1.3875

Trend: Downward

Sell at 1.3925 SL 1.3955 TP 1.3885

Yesterday we made +50 pips profit on EUR/USD from the following signal:

5:43 GMT+1 Sell EUR/USD at 1.3985 SL 1.4011 TP 1.3935 TP reached at 7:22 GMT

Total yesterday +173, as shown at www.zifx.com/performance.php