EUR/USD Open 1.4270 High 1.4318 Low 1.4148 Close 1.4243
On Friday Euro/Dollar increased with almost 150 pips. The European currency appreciated from 1.4148 to 1.4292 on Friday, matching the positive Interbank sentiment projection at over 0%, closing the week at 1.4243. This morning the European currency ascended further, climbing up to 1.4318. On the 1 hour chart trading has moved into a range, while on the 3 hour chart trading is within a wider range. Break above the nearest resistance and today's top at 1.4318 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.4148, however, would confirm continuation of the bearish trend, towards next objective downwards 1.4035. There are no major economic events for EU today. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is thinly positive and calm, MACD is positive and quiet too, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.4318 1.4430 1.4550
Technical support levels: 1.4148 1.4035 1.3920
Trading range: 1.4280 - 1.4350
Buy at 1.4290 SL 1.4260 TP 1.4340
On Friday we made +26 pips profit on EUR/USD from the following signal:
5:26 GMT+1 Sell EUR/USD at 1.4187 SL 1.4213 TP 1.4137, exit sent at 5:53 GMT+1.
Total on Friday +108, as shown in details at http://www.zifx.com/performance.php.