EUR/USD Open 1.4321 High 1.4384 Low 1.4190 Close 1.4173 Now 1.4339
On Monday the Euro/Dollar resumed recovering with over 150 pips, after the expected morning descent. The European currency appreciated from 1.4190 to 1.4341 yesterday, matching the positive Interbank sentiment projection at almost +9%, closing the day at 1.4173. This morning the European currency lifted further, climbing up to 1.4384. 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 today's top at 1.4384 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4190, however, would confirm continuation of the bearish trend, towards next important objective downwards 1.4077. There are no major economic events for EU today. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.4384 1.4500 1.4622
Technical support levels: 1.4190 1.4077 1.3962
Trading range: 1.4315 - 1.4390
Buy at 1.4327 SL 1.4297 TP 1.4377
Yesterday we made +48 pips profit on EUR/USD from the following signal:
5:30 GMT+1 Sell EUR/USD at 1.4241 SL 1.4267 TP 1.4191, exit sent at 7:46 GMT+1.
Total yesterday +123, as shown in details at http://www.zifx.com/performance.php.