EUR/USD Open 1.3323 High 1.3485 Low 1.3314 Close 1.3320
On Wednesday Euro/Dollar decreased with 170 pips after ECB cach boost. The European currency depreciated from 1.3485 to 1.3314 yesterday, not matching the positive Interbank sentiment projection at above +25%, closing the day at 1.3320. This morning the Euro is making slim recovery attempts, moving at the lower end of yesterday's range for now. On the 1 hour chart the upward channel is on hold, while on the 3 hour chart the upward channel has slowed down. Break above the nearest resistance and yesterday's top at 1.3485 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3314, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3200. Today's focus is on Italy, France, Germany and EU17 PMI, EU17 Harmonized CPI and Unemployment, and Italy CPI and HICP, at 8:45, 8:50, 8:55, 9 and 10 GMT respectively. Quotes are moving just bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and rising, MACD is negative and inclining upwards, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3485 1.3600 1.3727
Technical support levels: 1.3314 1.3200 1.3079
Yesterday we made +12 pips profit on EUR/USD from the following sent to clients only signal:
8:08 GMT Buy EUR/USD at 1.3456 SL 1.3430 TP 1.3506, exit sent 8:24 GMT+1.
Total yesterday +51, as shown in details at http://www.zifx.com/performance-past.php.