EUR/USD 1.4483 - 9 September 2009
EUR/USD Open 1.4501 High 1.4529 Low 1.4329 Close 1.4480

Euro/Dollar made a significant upward movement with around 200 pips on Tuesday as stocks and commodities gained. On the 1 hour chart the downward channel was broken upwards, indicating potential rising perspectives, but lack of trading volume may also lead to a false break, so be aware for another possible weakening of the European currency. Signals remain rising in the short term. If the nearest 1.4530 resistance is penetrated, climbing may gather stronger momentum with next objectives 1.4645 and 1.4770. Immediate support is yesterday's bottom at 1.4330. The CCI indicator is neutral on the 1 hour chart, suggesting calm movements.

Technical resistance levels: 1.4530 1.4645 1.4770

Technical support levels: 1.4330 1.4220 1.4095

Trading range: 1.4470 - 1.4535

Trend: Upward

Buy at 1.4483 SL 1.4453 TP 1.4523

Yesterday we made +31 pips profit on EUR/USD from the following signal:

5:36 GMT+1 Buy EUR/USD at 1.4335 SL 1.4309 TP 1.4385 exited at 7:43 GMT

Total yesterday +190, as shown at www.zifx.com/performance.php

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