EUR/USD Open 1.3222 High 1.3241 Low 1.3159 Close 1.3215
On Monday Euro/Dollar traded within 80 pip range. The European currency appreciated from 1.3159 to 1.3241 yesterday, matching the positive Interbank sentiment projection at above +3%, closing the day at 1.3215. This morning the Euro is trading quietly, and within yesterday's range for now. On the 1 hour chart range trading is forming, while on the 3 hour chart the upward channel is still on hold. Break above the nearest resistance and yesterday's top at 1.3241 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3159, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3140. Today's focus is on EU17 GDP Q4 at 10 GMT. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and quiet too, while CCI has crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3241 1.3360 1.3484
Technical support levels: 1.3159 1.3140 1.3014
Yesterday we made +39 pips profit on EUR/USD from the following sent to clients only signal:
5:19 GMT Sell EUR/USD at 1.3199 SL 1.3225 TP 1.3149, exit sent 9:13 GMT+1.
Total yesterday +138, as shown in details at http://www.zifx.com/performance-past.php.