EUR/USD Open 1.3372 High 1.3379 Low 1.3230 Close 1.3368
On Thursday Euro/Dollar resumed increasing significantly with 150 pips. The European currency appreciated from 1.3230 to 1.3379 yesterday, matching the positive Interbank sentiment projection at over +18%, closing the day at 1.3368. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart quotes broke up of the trading range, while on the 3 hour chart the upward channel has renewed. Break above the nearest resistance and yesterday's top at 1.3379 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3230, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3118. Today's focus is on Germany GDP Q4, France Consumer confidence, and Italy Retail sales, at 7, 7:45 and 9 GMT respectively. Quotes are moving just above the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3379 1.3500 1.3628
Technical support levels: 1.3230 1.3118 1.2900
Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Buy EUR/USD at 1.3256 SL 1.3230 TP 1.3306, TP reached 8:57 GMT+1.
Total yesterday +124, as shown in details at http://www.zifx.com/performance-past.php.