EUR/USD Open 1.3075 High 1.3214 Low 1.3141 Close 1.3082
On Tuesday Euro/Dollar decreased with 75 pips. The European currency depreciated from 1.3214 to 1.3141 yesterday, not matching the positive Interbank sentiment projection at over +24%, closing the day at 1.3082. This morning the Euro is trading quietly, 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 range trading is forming. Break above the nearest resistance and yesterday's top at 1.3214 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3141, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3024. Today's focus is on Italy, France, Germany and EU17 PPI, and EU17 Harmonized CPI, at 8:45, 8:50, 8:55, 9 and 10 GMT respectively. Quotes are moving just bellow the close and twisted 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is negative and calm, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3214 1.3330 1.3453
Technical support levels: 1.3141 1.3024 1.2900
Trading range: 1.3080 - 1.3005
Sell at 1.3068 SL 1.3098 TP 1.3018
Yesterday we made +18 pips profit on EUR/USD from the following sent to clients only signal:
9:08 GMT Buy EUR/USD at 1.3196 SL 1.3170 TP 1.3246, exit sent at 9:12 GMT+1.
Total yesterday +97, as shown in details at http://www.zifx.com/performance.php.