EUR/USD Open 1.3687 High 1.3744 Low 1.3592 Close 1.3699
On Tuesday Euro/Dollar increased with 150 pips. The European currency appreciated from 1.3592 to 1.3744 yesterday, matching the positive Interbank sentiment projection at over +1%, closing the day at 1.3699. This morning the Euro is trading quietly against the Dollar, and at the upper end of yesterday's range for now. On the 1 hour chart the downward channel has slowed down, while on the 3 hour the downward channel is on hold. Break above the nearest resistance and yesterday's top at 1.3744 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3592, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3470. There are no major economic events for EU today. Quotes are moving just above the crossed the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and declining, MACD is thinly positive and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3744 1.3860 1.3984
Technical support levels: 1.3592 1.3470 1.3350
Trading range: 1.3735 - 1.3660
Sell at 1.3722 SL 1.3752 TP 1.3672
Yesterday we made +21 pips profit on EUR/USD from the following sent to clients only signal:
5:27 GMT+1 Sell EUR/USD at 1.3618 SL 1.3644 TP 1.3568, exit sent at 7:12 GMT+1.
Total yesterday +91, as shown in details http://www.zifx.com/performance.php.