EUR/USD Open 1.4376 High 1.4398 Low 1.4151 Close 1.4373
On Tuesday Euro/Dollar increased significantly with over 240 pips on US Debt issue. The European currency appreciated from 1.4151 to 1.4398 yesterday, not matching the neutral Interbank sentiment projection at under 0%, closing the day at 1.4373. This morning the European currency is trading quietly at the upper end of yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart trading is within a wider range. Break above the nearest resistance and yesterday's top at 1.4398 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4151, however, would confirm continuation of the bearish trend, towards next objective downwards 1.4040. Today's focus is on Germany CPI and HICP, and France Industrial production, at 6 and 6:45 GMT respectively. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and inclining upwards, 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: 1.4398 1.4512 1.4630
Technical support levels: 1.4151 1.4040 1.3924
Trading range: 1.4330 - 1.4400
Buy at 1.4340 SL 1.4310 TP 1.4390
Yesterday we made +17 pips profit on EUR/USD from the following signal:
5:31 GMT+1 Sell EUR/USD at 1.4227 SL 1.4253 TP 1.4177, exit sent at 7:19 GMT+1.
Total yesterday +97, as shown in details at http://www.zifx.com/performance.php.