EUR/USD Open 1.3415 High 1.3553 Low 1.3362 Close 1.3388
On Friday Euro/Dollar decreased with 190 pips. The European currency depreciated from 1.3553 to 1.3362 on Friday, not matching the positive Interbank sentiment projection at almost +5%, closing the week at 1.3388. This morning the Euro is trading quietly, with movements at the lower end of Friday's range for now. On the 1 hour chart range trading is forming, while on the 3 hour chart quotes are holding within the wide trading range. Break above the nearest resistance and Friday's top at 1.3553 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3362, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3250. Today's focus is on Italy, France, Germany and EU17 PMI services, and EU17 Retail sales, at 8:45, 8:50, 8:55, 9 and 9:30 GMT respectively. Quotes are moving just bellow the crossed and close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and quiet too, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3553 1.3670 1.3800
Technical support levels: 1.3362 1.3250 1.3124
Trading range: 1.3420 - 1.3350
Sell at 1.3410 SL 1.3440 TP 1.3360
On Friday we made +29 pips profit on EUR/USD from the following sent to clients only signal:
5:21 GMT Buy EUR/USD at 1.3455 SL 1.3429 TP 1.3505, exit sent at 8:02 GMT+1.
Total on Friday +109, as shown in details at http://www.zifx.com/performance.php.