EUR/USD Open 1.3092 High 1.3124 Low 1.2951 Close 1.3052
On Tuesday Euro/Dollar continued increasing significantly with almost 150 pips. The European currency appreciated from 1.2951 to 1.3099 yesterday, matching the positive money flow sentiment at over +27%, closing the day at 1.3052. This morning the Euro ascended even further, lifting to 1.3124.
On the 1 hour chart quotes are still held within the trading range, while on the 3 hour chart the upward channel is making renewal attempts. Break above the nearest resistance and today's top at 1.3124 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2951, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2837.
Today's focus is on US Housing starts and Building permits, both at 12:30 GMT.
Quotes are moving above the twisted 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is negative and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.3124 1.3240 1.3364
Technical support levels: 1.2951 1.2837 1.2710
Yesterday we made +50 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.2963 SL 1.2937 TP 1.3013, TP reached at 11:20 GMT+1.
Total yesterday +172, as shown at our web site.
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