EUR/USD Open 1.3535 High 1.3690 Low 1.3518 Close 1.3540
On Wednesday Euro/Dollar continued increasing with 150 pips. The European currency appreciated from 1.3540 to 1.3690 yesterday, matching the positive Interbank sentiment projection at over +6%, but lost all gains in the afternoon, closing the day at 1.3581. This morning the Euro dropped further down to 1.3518, from where it started ascending again. On the 1 hour chart quotes are testing the upper limit of the downward channel, while on the 3 hour the downward channel has slowed down. Break above the nearest resistance and yesterday's top at 1.3690 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.3518, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3400. Today's focus is on Germany Import prices, Unemployment, EU17 Economic sentiment index and Business climate indicator, at 6, 7:55 and 9 GMT. Quotes are moving just above the close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and rising, MACD is neutral and inclining upwards too, while CCI has just crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3690 1.3800 1.3921
Technical support levels: 1.3518 1.3400 1.3277
Trading range: 1.3600 - 1.3675
Buy at 1.3614 SL 1.3584 TP 1.3664
Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:27 GMT+1 Buy EUR/USD at 1.3552 SL 1.3526 TP 1.3602, TP reached at 7:41 GMT+1.
Total yesterday +158, as shown in details at http://www.zifx.com/performance.php.