EUR/USD Open 1.3140 High 1.3178 Low 1.3096 Close 1.3147
On Wednesday Euro/Dollar traded within almost 70 pip range. The European currency depreciated from 1.3164 to 1.3096 yesterday, not matching the positive Interbank sentiment projection at over +3%, closing the day at 1.3147. This morning the Euro commenced recovering on Greek bond swaps hopes. On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel is making renewal attempts. Break above the nearest resistance and today's top at 1.3178 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3096, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2980. Today's focus is on Germany Industrial production, and EU17 ECB meeting announcement and press conference, at 11, 12:45 and 13:30 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and calm, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3178 1.3300 1.3423
Technical support levels: 1.3096 1.2980 1.2858
Yesterday we made +10 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Sell EUR/USD at 1.3141 SL 1.3167 TP 1.3091, exit sent 7:40 GMT+1.
Total yesterday +59, as shown in details at http://www.zifx.com/performance-past.php.