EUR/USD Open 1.2760 High 1.2819 Low 1.2754 Close 1.2757
On Monday Euro/Dollar decreased with almost 65 pips. The European currency depreciated from 1.2819 to 1.2754 yesterday, not matching the positive money flow sentiment at almost 12%, closing the day at 1.2757. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now.
On the 1 hour chart the upward channel looks good, while on the 3 hour chart new upward channel has formed. Break above the nearest resistance and yesterday's top at 1.2819 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2754, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2640.
Today's focus is on USA International trade, Export, Import, and Redbook, at 12:30 and 12:55 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 inclining upwards, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.2819 1.2933 1.3060
Technical support levels: 1.2754 1.2640 1.2517
Yesterday we made +18 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.2786 SL 1.2760 TP 1.2836, exit sent at 8:22 GMT+1.
Total yesterday +65, as shown at http://www.zifx.com/performance-past.php.