EUR/USD Open 1.3324 High 1.3380 Low 1.3277 Close 1.3317
On Monday Euro/Dollar decreased with 100 pips. The European currency depreciated from 1.3380 to 1.3277 yesterday, not matching the positive Interbank sentiment projection at under +15%, closing the day at 1.3317. This morning the Euro is trading quietly, moving within yesterday's range for now. On the 1 hour chart the upward channel is still trying to renew, while on the 3 hour chart quotes are still moving within range. Break above the nearest resistance and yesterday's top at 1.3380 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3277, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3160. Today's focus is on EU17 GDP Q4 and PPI, both at 9 GMT. Quotes are moving 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 inclining upwards, MACD is neutral and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3380 1.3500 1.3621
Technical support levels: 1.3277 1.3160 1.3037
Yesterday we made +44 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Buy EUR/USD at 1.3334 SL 1.3308 TP 1.3384, exit sent 9:07 GMTGMT+1.
Total yesterday +140, as shown in details http://www.zifx.com/performance-past.php.