EUR/USD Open 1.3214 High 1.3237 Low 1.3114 Close 1.3139
On Friday Euro/Dollar increased insignificantly with 80 pips. The European currency appreciated from 1.3114 to 1.3198 on Friday, matching the positive Interbank sentiment projection at +6%, closing the week at 1.3139. This morning the Euro lifted further on China easing and Greece prospect, reaching 1.3237. On the 1 hour chart quotes are back into the trading range, while on the 3 hour range trading is forming. Break above the nearest resistance and today's top at 1.3237 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3114, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3000. Today's focus is on France Business confidence, at 7:45 GMT respectively. 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 calm, MACD is positive and quiet too, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3237 1.3350 1.3474
Technical support levels: 1.3114 1.3000 1.2872
On Friday we made +40 pips profit on EUR/USD from the following sent to clients only signal:
5:19 GMT Buy EUR/USD at 1.3131 SL 1.3105 TP 1.3181, exit sent at 9:40 GMT+1.
Total on Friday +131, as shown in details at http://www.zifx.com/performance-past.php.