EUR/USD Open 1.2819 High 1.2845 Low 1.2698 Close 1.2810
On Thursday Euro/Dollar increased on bond sales with 150 pips. The European currency appreciated from 1.2698 to 1.2845 yesterday, not matching the negative Interbank sentiment projection at under -9%, closing the day at 1.2810. This morning the Euro is trading quietly, 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 the downward channel still looks good. Break above the nearest resistance and yesterday's top at 1.2845 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2698, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2575. Today's focus is on EU17 Trade balance at 10 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 inclining upwards, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.2845 1.2960 1.3081
Technical support levels: 1.2698 1.2575 1.2451
Trading range: 1.2815 - 1.2890
Buy at 1.2827 SL 1.2797 TP 1.2877
Yesterday we made +22 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Sell EUR/USD at 1.2720 SL 1.2746 TP 1.2670, exit sent at 7:50 GMT+1.
Total yesterday +98, as shown in details at http://www.zifx.com/performance.php.