EUR/USD Open 1.3150 High 1.3284 Low 1.3144 Close 1.3182
On Monday Euro/Dollar decreased with 140 pips. The European currency depreciated from 1.3284 to 1.3144 yesterday, not matching the positive Interbank sentiment projection at +14%, closing the day at 1.3182. This morning the Euro is trading quietly, moving at the lower end of yesterday's range for now. On the 1 hour chart the upward channel has slowed down, while on the 3 hour the upward channel is making renewal attempts. Break above the nearest resistance and yesterday's top at 1.3284 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3144, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3126. Today's focus is on Germany ZEW economic expectations index and EU17 Industrial production, both at 10 GMT. Quotes are moving bellow the close 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is negative and calm, while CCI has crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3284 1.3410 1.3532
Technical support levels: 1.3144 1.3126 1.3000
Yesterday we made +29 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Buy EUR/USD at 1.3255 SL 1.3229 TP 1.3305, exit sent at 8:51 GMT+1.
Total yesterday +106, as shown in details at http://www.zifx.com/performance.php.