EUR/USD Open 1.3741 High 1.3817 Low 1.3652 Close 1.3736
On Tuesday Euro/Dollar traded within 165 pip range. The European currency appreciated from 1.3652 to 1.3817 yesterday, matching the positive Interbank sentiment projection at over +9%, closing the day at 1.3736. This morning the Euro is pushing up again, with movements at the upper side of yesterday's range for now. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart range trading is forming. Break above the nearest resistance and yesterday's top at 1.3817 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3652, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3538. Today's focus is on EU17 Current account at 8 GMT. 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 positive and calm, MACD is neutral and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3914 1.4030 1.4154
Technical support levels: 1.3652 1.3538 1.3420
Trading range: 1.3825 - 1.3750
Sell at 1.3812 SL 1.3842 TP 1.3762
Yesterday we made +7 pips profit on EUR/USD from the following sent to clients only signal:
7:19 GMT+1 Buy EUR/USD at 1.3753 SL 1.3727 TP 1.3803, exit sent at 7:33 GMT+1.
Total yesterday +38, as shown in details at http://www.zifx.com/performance.php.