EUR/USD Open 1.3153 High 1.3222 Low 1.3103 Close 1.3155
On Monday Euro/Dollar decreased with 120 pips. The European currency depreciated from 1.3222 to 1.3103 yesterday, matching the positive Interbank sentiment projection at over +2%, closing the day at 1.3155. This morning the Euro is trading quietly, with movements within yesterday's range for now. On the 1 hour chart quotes returned into the small trading range, while on the 3 hour chart trading is within wider range. Break above the nearest resistance and yesterday's top at 1.3222 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3103, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2986. Today's focus is on France Consumer confidence and EU17 Industrial orders, at 6:45 and 9 GMT respectively. Quotes are moving in line with the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bearish pressure. The value of the RSI indicator is positive and calm, MACD is negative and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3222 1.3336 1.3460
Technical support levels: 1.3103 1.2986 1.2860
Yesterday we made +38 pips profit on EUR/USD from the following sent to clients only signal:
7:58 GMTGMT+1 Sell EUR/USD at 1.3170 SL 1.3196 TP 1.3120, exit sent 9:02 GMTGMT+1.
Total yesterday +115, as shown in details at http://www.zifx.com/performance-past.php.