EUR/USD Open 1.4427 High 1.4518 Low 1.4323 Close 1.4423
On Wednesday Euro/Dollar increased with almost 200 pips. The European currency appreciated from 1.4323 to 1.4518 yesterday, matching the positive Interbank sentiment projection at almost +28%, closing the day at 1.4423. This morning the Euro adjusting against the Dollar, with movements within yesterday's range for now. On the 1 hour chart new upward channel is emerging, while on the 3 hour chart trading is within wide range. Break above the nearest resistance and yesterday's top at 1.4518 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4323, however, would confirm continuation of the bearish trend, towards next objective downwards 1.4212. There are no major economic events for EU today. Quotes are moving just bellow the close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is neutral and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall neutral to light short signals.
Technical resistance levels: 1.4518 1.4630 1.4748
Technical support levels: 1.4323 1.4212 1.4100
Trading range: 1.4370 - 1.4445
Buy at 1.4383 SL 1.4353 TP 1.4433
Yesterday we made +31 pips profit on EUR/USD from the following signal:
5:25 GMT+1 Buy EUR/USD at 1.4387 SL 1.4361 TP 1.4437, exit sent at 6:20 GMT+1.
Total yesterday +127, as shown in details at http://www.zifx.com/performance.php.