EUR/USD Open 1.3653 High 1.3694 Low 1.3494 Close 1.3676
On Monday Euro/Dollar increased with 200 pips. The European currency appreciated from 1.3494 to 1.3694 yesterday, not matching the negative Interbank sentiment projection at almost -3%, closing the day at 1.3676. This morning the Euro is trading hesitantly against the Dollar, with movements at the upper end of yesterday's range. On the 1 hour chart the downward channel has slowed down, while on the 3 hour the downward channel looks good. Break above the nearest resistance and yesterday's top at 1.3938 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3494, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3380. Today's focus is on France CPI and HICP, both at 5:30 GMT. Quotes are moving above the 20 and in line with the 50 EMA on the 1 hour chart, indicating short term bullish and medium term neutral pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3694 1.3810 1.3931
Technical support levels: 1.3494 1.3380 1.3256
Trading range: 1.3700 - 1.3625
Sell at 1.3687 SL 1.3717 TP 1.3637
Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:25 GMT+1 Sell EUR/USD at 1.3571 SL 1.3597 TP 1.3521, TP reached at 5:54 GMT+1.
Total yesterday +199, as shown in details at http://www.zifx.com/performance.php.