EUR/USD Open 1.3116 High 1.3157 Low 1.3065 Close 1.3108
On Wednesday Euro/Dollar traded within 90 pip range. The European currency appreciated from 1.3065 to 1.3157 yesterday, not matching the negative Interbank sentiment projection at under -6%, closing the day at 1.3108. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart small trading range has formed, while on the 3 hour chart quotes are moving within wider range. Break above the nearest resistance and yesterday's top at 1.3157 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3065, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2949. Today's focus is on France CPI and HICP, and EU17 Industrial production, at 5:30 and 9 GMT respectively. Quotes are moving just above the close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and calm, MACD is thinly positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.3157 1.3272 1.3400
Technical support levels: 1.3065 1.2949 1.2825
Yesterday we made +44 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMTGMT+1 Buy EUR/USD at 1.3089 SL 1.3063 TP 1.3139, exit sent 8:00 GMTGMT+1.
Total yesterday +147, as shown in details at http://www.zifx.com/performance-past.php.