EUR/USD Open 1.3182 High 1.3213 Low 1.3101 Close 1.3186
On Thursday Euro/Dollar increased with 110 pips ahead of Chinese GDP. The European currency appreciated from 1.3101 to 1.3213 yesterday, not matching the negative Interbank sentiment projection at almost -9%, closing the day at 1.3186. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart new upward channel is emerging, while on the 3 hour chart quotes are moving within wide range. Break above the nearest resistance and yesterday's top at 1.3213 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3101, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2884. Today's focus is on Germany CPI and HICP, and Italy Industrial production, CPI and HICP, at 6, 8 and 9 GMT respectively. Quotes are moving in line with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.3213 1.3327 1.3450
Technical support levels: 1.3101 1.2884 1.2760
Yesterday we made +36 pips profit on EUR/USD from the following sent to clients only signal:
8:56 GMTGMT+1 Buy EUR/USD at 1.3101 SL 1.3075 TP 1.3151, exit sent 9:45 GMTGMT+1.
Total yesterday +129, as shown in details at http://www.zifx.com/performance-past.php.