EUR/USD Open 1.3222 High 1.3367 Low 1.3182 Close 1.3231
On Tuesday Euro/Dollar decreased significantly with 175 pips. The European currency depreciated from 1.3367 to 1.3213 yesterday, matching the negative Interbank sentiment projection at nearly -6%, closing the day at 1.3231. This morning the Euro weakened even further, dropping down to 1.3182. On the 1 hour chart range trading is forming, while on the 3 hour chart quotes are moving within wider range. Break above the nearest resistance and yesterday's top at 1.3367 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.3182, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3065. Today's focus is on Italy, France, Germany and EU17 PMI, EU17 Retail sales, Germany Manufacturing orders, ECB meeting announcement and ECB press conference, at 7:45, 7:50, 7:55, 8, 9, 10, 11:45 and 12:30 GMT respectively. Quotes are moving bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall short signals.
Technical resistance levels: 1.3367 1.3480 1.3600
Technical support levels: 1.3182 1.3065 1.2940
Yesterday we made +22 pips profit on EUR/USD from the following sent to clients only signal:
5:17 GMT Buy EUR/USD at 1.3332 SL 1.3306 TP 1.3382, exit sent 8:21 GMTGMT+1.
Total yesterday +52, as shown in details at http://www.zifx.com/performance-past.php.