EUR/USD Open 1.4355 High 1.4397 Low 1.4236 Close 1.4368
On Tuesday the Euro/Dollar resumed increasing on Greek vote hopes with 160 pips. The European currency appreciated from 1.4236 to 1.4397 yesterday, not matching the negative Interbank sentiment projection at nearly -2%, closing the day at 1.4368. This morning the European currency is trading quietly and at the upper side of yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart trading remains within wide range. Break above the nearest resistance and yesterday's top at 1.4397 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4236, however, would confirm continuation of the bearish trend, towards next important objective downwards 1.4120. Today's focus is on France GDP Q1, EU17 Economic sentiment index and EU17 Business climate indicator, at 5:39 and 9 GMT respectively. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.4397 1.4512 1.4629
Technical support levels: 1.4236 1.4120 1.4000
Trading range: 1.4350 - 1.4425
Buy at 1.4364 SL 1.4334 TP 1.4414
Yesterday we made +39 pips profit on EUR/USD from the following signal:
5:28 GMT+1 Sell EUR/USD at 1.4295 SL 1.4321 TP 1.4245, exit sent at 8:06 GMT+1.
Total yesterday +104, as shown in details at http://www.zifx.com/performance.php.