EUR/USD Open 1.3196 High 1.3218 Low 1.3144 Close 1.3195
On Tuesday Euro/Dollar increased with 70 pips, recovering from all Monday's losses. The European currency appreciated from 1.3144 to 1.3218 yesterday, matching the positive Interbank sentiment projection at over +7%, closing the day at 1.3195. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart quotes are testing the upper limit of the small trading range, while on the 3 hour chart trading is within wider range. Break above the nearest resistance and yesterday's top at 1.3218 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3144, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2926. There are no major economic events for EU today. Quotes are moving just above the twisted (often change of direction) 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and hesitant, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.3222 1.3336 1.3460
Technical support levels: 1.3144 1.2926 1.2800
Yesterday we made +7 pips profit on EUR/USD from the following sent to clients only signal:
8:01 GMT+1 Buy EUR/USD at 1.3178 SL 1.3152 TP 1.3228, exit sent 8:03 GMT+1.
Total yesterday +39, as shown in details at http://www.zifx.com/performance-past.php.