EUR/USD 1.3994 - 8 June

EUR/USD Open 1.3938 High 1.4226 Low 1.3937 Close 1.3967

Euro/Dollar reached a top at 1.4226 on Friday, than collapsed down to 1.3937, as expected. On the 1 hour chart is seen that further downward correction has been rejected around the key 1.3925 support level. However, it is uncertain that the bearish adjustment is completed and there may be another attempt to move downwards today. If the above level is broken, the bearish movement may continue to the next target 1.3810. The nearest resistance is 1.4165. The CCI indicator is in the neutral zone of 1 and 4 hour charts.

Technical resistance levels: 1.4165 1.4270 1.4400

Technical support levels: 1.3925 1.3810 1.3685

Trading range: 1.4005 - 1.3940

Trend: Downward

Sell at 1.3994 SL 1.4024 TP 1.3954

On Friday we made +18 pips profit on EUR/USD from the following signal:

5:46 GMT+1 Sell EUR/USD at 1.4200 SL 1.4226 TP 1.4150 exited at 6:32 GMT

Total on Friday +123, as shown at www.zifx.com/performance.php