EUR/USD Open 1.3343 High 1.3460 Low 1.3287 Close 1.3337
On Thursday Euro/Dollar decreased with 170 pips on ECB dissapointment. The European currency depreciated from 1.3460 to 1.3287 yesterday, matching the negative Interbank sentiment projection at almost -2%, closing the day at 1.3337. This morning the Euro is trading quietly, 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 quotes are at the lower side of the wider trading range. Break above the nearest resistance and yesterday's top at 1.3460 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3287, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3170. Today's focus is on Germany Current account, Trade balance, CPI and HICP, and France Industrial production, at 7 and 7:45GMT respectively. Quotes are moving the twisted (direction changes) 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is neutral and calm, MACD is negative and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3460 1.3572 1.3700
Technical support levels: 1.3287 1.3170 1.3050
Trading range: 1.3345 - 1.3270
Sell at 1.3332 SL 1.3362 TP 1.3282
Yesterday we made +8 pips profit on EUR/USD from the following sent to clients only signal:
5:24 GMT Sell EUR/USD at 1.3404 SL 1.3430 TP 1.3354, exit sent at 6:02 GMT+1.
Total yesterday +75, as shown in details at http://www.zifx.com/performance.php.