EUR/USD Open 1.4313 High 1.4330 Low 1.4101 Close 1.4285
On Monday the Euro/Dollar increased on Greek vote optimism with 220 pips. The European currency appreciated from 1.4101 to 1.4330 yesterday, not matching the negative Interbank sentiment projection at nearly -4%, closing the day at 1.4285. This morning the European currency is trading quietly and at the upper side of yesterday's range for now. On the 1 hour chart range trading is forming, while on the 3 hour chart trading remains within wide range. Break above the nearest resistance and yesterday's top at 1.4330 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4101, however, would confirm continuation of the bearish trend, towards next important objective downwards 1.3988. Today's focus is on Germany Import prices, CPI and HICP, at 6 and 12 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 declining, 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: 1.4330 1.4443 1.4560
Technical support levels: 1.4101 1.3988 1.3870
Trading range: 1.4310 - 1.4235
Sell at 1.4299 SL 1.4329 TP 1.4249 Y
esterday we made +39 pips profit on EUR/USD from the following signal:
5:29 GMT+1 Sell EUR/USD at 1.4164 SL 1.4190 TP 1.4114, exit sent at 9:09 GMT+1.
Total yesterday +122, as shown in details at http://www.zifx.com/performance.php.