EUR/USD Open 1.3144 High 1.3233 Low 1.3106 Close 1.3141
On Wednesday Euro/Dollar continued decreasing with 125 pips. The European currency depreciated from 1.3233 to 1.3106 yesterday, matching the negative Interbank sentiment projection at under -3%, closing the day at 1.3141. This morning the Euro weakened even further, dropping down to 1.3182. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider range. Break above the nearest resistance and yesterday's top at 1.3233 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.3106, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2990. Today's focus is on Germany Industrial production at 10 GMT. Quotes are moving about in line with the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bearish pressure. The value of the RSI indicator is positive and rising, MACD is negative and inclining upwards, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3233 1.3352 1.3480
Technical support levels: 1.3106 1.2990 1.2868
Yesterday we made +28 pips profit on EUR/USD from the following sent to clients only signal:
5:16 GMT Sell EUR/USD at 1.3203 SL 1.3229 TP 1.3153, exit sent 9:04 GMTGMT+1.
Total yesterday +109, as shown in details at http://www.zifx.com/performance-past.php.