EUR/USD 1.3401 - 8 May

EUR/USD Open 1.3393 High 1.3468 Low 1.3253 Close 1.3381

Yesterday Euro/Dollar made indecisive movement, forming divergence on the daily chart. After dropping to the 1.3253 bottom, it rose up to 1.3468, and closed the day at 1.3381. On the 4 hour chart the quotes line is testing the support line of the rising flag formation. The signals are neutral for now, till the trend has no clear direction. Immediate support is 1.3255, followed by 1.3140. Short term resistance is yesterday's peak 1.3470. The CCI indicator is in the neutral zone on the 1 and 4 hour charts.

Technical resistance levels: 1.3470 1.3585 1.3700

Technical support levels: 1.3255 1.3140 1.3030

Trading range: 1.3415 - 1.3350

Trend: Downward

Sell at 1.3401 SL 1.3431 TP 1.3361

Yesterday we made +16 pips profit on EUR/USD from the following signal:

5:44 GMT+1 Buy EUR/USD at 1.3300 SL 1.3274 TP 1.3350 exited at 6:48 GMT

Total yesterday +99, as shown at www.zifx.com/performance.php