EUR/USD Open 1.3216 High 1.3285 Low 1.3178 Close 1.3211
On Wednesday Euro/Dollar continued trading within 105 pip range. The European currency depreciated from 1.3285 to 1.3178 yesterday, not matching the positive Interbank sentiment projection at nearly +6%, closing the day at 1.3211. This morning the Euro is trading quietly, with movements in the middle of yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider range. Break above the nearest resistance and yesterday's top at 1.3285 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3178, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3064. Today's focus is on France, Germany and EU17 PMI, and EU17 Industrial orders, at 8, 8:30, 9 and 10 GMT respectively. Quotes are moving just above the crossed 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and rising, MACD is neutral and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3285 1.3400 1.3522
Technical support levels: 1.3178 1.3064 1.2940
Yesterday we made +15 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Buy EUR/USD at 1.3270 SL 1.3244 TP 1.3320, exit sent 8:34 GMT+1.
Total yesterday +92, as shown in details at http://www.zifx.com/performance-past.php.