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Technicals

EUR/USD Technical Analysis 9 July 2008

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09 July 2008 @ 01:33 am EST
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EUR/USD 1.5692 - 9 July

EUR/USD Open 1.5701 High 1.5737 Low 1.5640 Close 1.5664

The Euro was moving neutrally yesterday against the US Dollar between yesterday's top 1.5737 and the bottom 1.5640, which are the first resistance and support levels respectively for the currency couple today. If the positive trend continues, next resistance is expected at 1.5820, followed by 1.5885. In downward direction next support for today is expected at 1.5560, the break of which would lead to next target 1.5500.

Technical resistance levels: 1.5740 1.5820 1.5885

Technical support levels: 1.5640 1.5560 1.5500

Trading range: 1.5685 - 1.5745

Trend: Upward

Buy at 1.5692 SL 1.5662 TP 1.5732

Yesterday we made +9 pips profit on EUR/USD from the following signal:

6:00 GMT+1 Buy EUR/USD at 1.5707 SL 1.5681 TP 1.5757 exited 7:14 GMT+1

Total yesterday +127, as shown at www.zifx.com/performance.php

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