EUR/USD Open 1.3369 High 1.3381 Low 1.3303 Close 1.3337
On Friday Euro/Dollar increased with almost 75 pips. The European currency appreciated from 1.3303 to 1.3377 on Friday, matching the positive Interbank sentiment projection at under +15%, closing the week at 1.3337. This morning the Euro ascended slightly further, reaching 1.3381. On the 1 hour chart the upward channel is still trying to renew, while on the 3 hour chart quotes are still moving within range. Break above the nearest resistance and today's top at 1.3381 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3303, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3188. Today's focus is on Italy, France, Germany and EU17 PMI, and EU17 Unemployment, at 7:45: 7:50, 7:55, 8 and 9 GMT respectively. Quotes are moving about in line with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3381 1.3500 1.3621
Technical support levels: 1.3303 1.3188 1.3062
On Friday we made +30 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Buy EUR/USD at 1.3347 SL 1.3321 TP 1.3397, exit sent 7:51 GMTGMT+1.
Total on Friday +127, as shown in details at http://www.zifx.com/performance-past.php.