EUR/USD Open 1.3111 High 1.3139 Low 1.3084 Close 1.3118

On Wednesday Euro/Dollar continued increasing insignificantly with 55 pips. The European currency appreciated from 1.3084 to 1.3139 yesterday, matching the positive money flow sentiment at almost +25%, closing the day at 1.3118. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now.

On the 1 hour chart quotes are still held within the trading range, while on the 3 hour chart the upward channel is making renewal attempts. Break above the nearest resistance and yesterday's top at 1.3139 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3084, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2970.

Today's focus is on US Jobless claims, Philadelphia Fed index, Leading indicators, and M2 money supply, at 12:30, 14 and 20:30 GMT respectively.

Quotes are moving above the twisted 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.

Technical resistance levels: 1.3139 1.3255 1.3380
Technical support levels: 1.3084 1.2970 1.2857

Yesterday we made +48 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.3089 SL 1.3063 TP 1.3139, exit sent at 13:24 GMT+1.
Total yesterday +136, as shown at our web site.

 

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