EUR/USD Open 1.3438 High 1.3534 Low 1.3256 Close 1.3444
On Wednesday Euro/Dollar increased with almost 280 pips on central bank efforts to stabilize markets. The European currency appreciated from 1.3256 to 1.3534 yesterday, not matching the negative Interbank sentiment projection at bellow -4%, closing the day at 1.3444. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart the downward channel was broken upwards, while on the 3 hour chart quotes held within the wide trading range. Break above the nearest resistance and yesterday's top at 1.3534 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3256, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3140. Today's focus is on Italy, France, Germany and EU17 PMI, at 8:45, 8:50, 8:55 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 neutral and calm, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3534 1.3560 1.3683
Technical support levels: 1.3256 1.3140 1.3016
Trading range: 1.3445 - 1.3520
Buy at 1.3458 SL 1.3428 TP 1.3508
Yesterday we made +13 pips profit on EUR/USD from the following sent to clients only signal:
6:16 GMT Buy EUR/USD at 1.3309 SL 1.3283 TP 1.3359, exit sent at 6:45 GMT+1.
Total yesterday +84, as shown in details at http://www.zifx.com/performance.php.