EUR/USD Open 1.4375 High 1.4436 Low 1.4303 Close 1.4410 Now 1.4368
On Tuesday the Euro/Dollar lifted after the Greece confidence vote with 130 pips. The European currency appreciated from 1.4303 to 1.4436 yesterday, matching the positive Interbank sentiment projection at under +1%, closing the day at 1.4173. This morning the European currency pulled back, but its still moving within yesterday's range. On the 1 hour chart the downward channel was broken upwards, while on the 3 hour chart trading remains within wide range. Break above the nearest resistance and yesterday's top at 1.4436 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4303, however, would confirm continuation of the bearish trend, towards next important objective downwards 1.4189. Today's focus is on France Business confidence and EU17 Industrial orders, at 6:45 and 9 GMT respectively. Quotes are moving bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.4436 1.4550 1.4668
Technical support levels: 1.4303 1.4189 1.4077
Trading range: 1.4355 - 1.4430
Buy at 1.4367 SL 1.4337 TP 1.4417
Yesterday we made +50 pips profit on EUR/USD from the following signal:
5:31 GMT+1 Buy EUR/USD at 1.4325 SL 1.4299 TP 1.4375, TP reached at 7:40 GMT+1.
Total yesterday +107, as shown in details at http://www.zifx.com/performance.php.