EUR/USD Rallies On Concluded Greek Debt Deal

By @ibtimes on

EUR/USD Open 1.4171 High 1.4246 Low 1.3863 Close 1.4185

On Thursday Euro/Dollar increased significantly with 380 pips on the concluded Greek debt deal. The European currency appreciated from 1.3863 to 1.4246 yesterday, matching the positive Interbank sentiment projection at over +10%, closing the day at 1.4185. This morning the Euro is trading quietly, with movements at the upper side of yesterday's range for now. On the 1 hour chart the upward channel has resumed, while on the 3 hour chart new upward channel has formed. Break above the nearest resistance and yesterday's top at 1.4246 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3863, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3747. Today's focus is on France Consumer spending at 6:45 GMT. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.4246 1.4360 1.4481
Technical support levels: 1.3863 1.3747 1.3650

Trading range: 1.4155 - 1.4230
Trend: Upward
Buy at 1.4167 SL 1.4137 TP 1.4217

Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:24 GMT+1 Buy EUR/USD at 1.3970 SL 1.3944 TP 1.4020, TP reached at 8:00 GMT+1.
Total yesterday +156, as shown in details at http://www.zifx.com/performance.php.

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