EUR/USD Open 1.4261 High 1.4378 Low 1.4225 Close 1.4256
On Thursday Euro/Dollar continued decreasing significantly with 150 pips. The European currency depreciated from 1.4378 to 1.4225 yesterday, not matching the positive Interbank sentiment projection at over +1%, closing the day at 1.4256. This morning the Euro is trading quietly against the Dollar, and at the lower end of yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart trading is within wider range. Break above the nearest resistance and yesterday's top at 1.4378 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4225, however, would confirm continuation of the bearish trend, towards next objective downwards 1.4114. Today's focus is on Germany Retail sales, EU17 PPI, and US Nonfarm payrolls at 6, 9 and 12:30 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is positive and rising, MACD is negative and calm, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall neutral to light short signals.
Technical resistance levels: 1.4378 1.4484 1.4600
Technical support levels: 1.4225 1.4114 1.4000
Trading range: 1.4280 - 1.4205
Sell at 1.4268 SL 1.4298 TP 1.4218
Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:31 GMT+1 Sell EUR/USD at 1.4377 SL 1.4403 TP 1.4327, TP reached at 8:13 GMT+1.
Total yesterday +116, as shown in details at http://www.zifx.com/performance.php.