EUR/USD Open 1.3515 High 1.3590 Low 1.3360 Close 1.3529
On Monday Euro/Dollar traded within 250 pip range. The European currency depreciated from 1.3590 to 1.3360 yesterday, not matching the positive Interbank sentiment projection at over +1%, later recovered partially, closing the day at 1.3529. This morning the Euro is trading hesitantly, and at the upper end of yesterday's range for now. On the 1 hour chart the downward channel has slowed down, while on the 3 hour the downward channel is making renewal attempts. Break above the nearest resistance and yesterday's top at 1.3590 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3360, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3244. Today's focus is on EU17 M3 money supply at 8 GMT. Quotes are moving just above the crossed 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is thinly positive and quiet too, while CCI has just crossed down the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3590 1.3708 1.3830
Technical support levels: 1.3360 1.3244 1.3120
Trading range: 1.3500 - 1.3575
Buy at 1.3513 SL 1.3483 TP 1.3563
Yesterday we made +43 pips profit on EUR/USD from the following sent to clients only signal:
5:25 GMT+1 Sell EUR/USD at 1.3404 SL 1.3430 TP 1.3354, exit sent at 7:04 GMT+1.
Total yesterday +119, as shown in details at http://www.zifx.com/performance.php.