EUR/USD Open 1.3126 High 1.3159 Low 1.2972 Close 1.3129
On Thursday Euro/Dollar increased significantly with 190 pips on Greek hopes. The European currency appreciated from 1.2972 to 1.3159 yesterday, not matching the negative Interbank sentiment projection at under -2%, closing the day at 1.3129. This morning the Euro is trading quietly at the upper end of yesterday's range for now. On the 1 hour chart quotes returned into the trading range, while on the 3 hour range trading is forming. Break above the nearest resistance and yesterday's top at 1.3159 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.2972, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2855. Today's focus is on Germany PPI and EU17 Current account, at 9 and 9 GMT respectively. Quotes are moving just above the crossed and close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and quiet too, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3159 1.3277 1.3400
Technical support levels: 1.2972 1.2855 1.2730
Yesterday we made +31 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Sell EUR/USD at 1.3018 SL 1.3044 TP 1.2968, exit sent at 8:34 GMT+1.
Total yesterday +114, as shown in details at http://www.zifx.com/performance-past.php.