EUR/USD Open 1.3790 High 1.3814 Low 1.3581 Close 1.3786
On Wednesday Euro/Dollar increased significantly with 235 pips. The European currency appreciated from 1.3581 to 1.3814 yesterday, matching the positive Interbank sentiment projection at over +5%, closing the day at 1.3786. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart new upward channel has emerged, while on the 3 hour chart the downward channel was broken upwards. Break above the nearest resistance and yesterday's top at 1.3814 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3581, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3464. Today's focus is on Germany CPI and HICP, both at 6 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 neutral and calm, MACD is positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3814 1.3930 1.4050
Technical support levels: 1.3581 1.3464 1.3340
Trading range: 1.3785 - 1.3860
Buy at 1.3798 SL 1.3768 TP 1.3848
Yesterday we made +44 pips profit on EUR/USD from the following sent to clients only signal:
5:24 GMT+1 Buy EUR/USD at 1.3625 SL 1.3599 TP 1.3675, exit sent at 7:41 GMT+1.
Total yesterday +169, as shown in details at http://www.zifx.com/performance.php.