EUR/USD Open 1.3643 High 1.3684 Low 1.3564 Close 1.3638
On Tuesday Euro/Dollar traded within 120 pip range. The European currency appreciated from 1.3564 to 1.3684 yesterday, matching the positive Interbank sentiment projection at over +5%, closing the day at 1.3638. This morning the Euro adjusted, but movements are still within yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart the downward channel is on hold. Break above the nearest resistance and yesterday's top at 1.3684 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3564, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3450. Today's focus is on France CPI and HICP, Germany Wholesale prices, and EU17 Industrial production, at 5:30, 6 and 9 GMT respectively. Quotes are moving about in line with the almost even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is neutral and calm, MACD is thinly positive and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall all neutral signals.
Technical resistance levels: 1.3684 1.3800 1.3922
Technical support levels: 1.3564 1.3450 1.3336
Trading range: 1.3605 - 1.3670
Buy at 1.3616 SL 1.3586 TP 1.3656
Yesterday we made +31 pips profit on EUR/USD from the following sent to clients only signal:
5:26 GMT+1 Buy EUR/USD at 1.3627 SL 1.3601 TP 1.3677, exit sent at 7:11 GMT+1.
Total yesterday +118, as shown in details at http://www.zifx.com/performance.php.