EUR/USD Open 1.3302 High 1.3360 Low 1.3249 Close 1.3300
On Thursday Euro/Dollar continued decreasing with almost 100 pips. The European currency depreciated from 1.3346 to 1.3249 yesterday, not matching the positive Interbank sentiment projection at almost +20%, closing the day at 1.3300. This morning the Euro recovered all yesterday's losses, climbing to 1.3360. On the 1 hour chart the upward channel is trying to renew, while on the 3 hour chart quotes are moving within range. Break above the nearest resistance and today's top at 1.3360 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3249, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3130. Today's focus is on France Consumer spending and PPI, Italy CPI and HICP, and EU17 Harmonized CPI, at 6:45 and 9 GMT respectively. Quotes are moving above the close 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, 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: 1.3360 1.3478 1.3600
Technical support levels: 1.3249 1.3130 1.3000
Yesterday we made +38 pips profit on EUR/USD from the following sent to clients only signal:
5:17 GMT Sell EUR/USD at 1.3323 SL 1.3349 TP 1.3273, exit sent 10:26 GMTGMT+1.
Total yesterday +164, as shown in details at http://www.zifx.com/performance-past.php.