EUR/USD Open 1.3134 High 1.3148 Low 1.2994 Close 1.3138
On Monday Euro/Dollar recovered significantly with 155 pips. The European currency appreciated from 1.2994 to 1.3148 yesterday, not matching the negative Interbank sentiment projection at almost -12%, closing the day at 1.3138. This morning the Euro is trading quietly, moving at the upper end of yesterday's range for now. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart quotes returned into the wide trading range. Break above the nearest resistance and yesterday's top at 1.3148 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2994, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2880. Today's focus is on Germany ZEW economic expectations index and EU17 Harmonized CPI, both at 9 GMT. Quotes are moving just above the twisted 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 positive and quiet too, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3148 1.3264 1.3390
Technical support levels: 1.2994 1.2880 1.2754
Yesterday we made +27 pips profit on EUR/USD from the following sent to clients only signal:
5:17 GMTGMT+1 Sell EUR/USD at 1.3021 SL 1.3047 TP 1.2971, exit sent 7:40 GMTGMT+1.
Total yesterday +98, as shown in details at http://www.zifx.com/performance-past.php.