EUR/USD Open 1.3876 High 1.3894 Low 1.3723 Close 1.3876
On Friday Euro/Dollar resumed increasing with 170 pips. The European currency appreciated from 1.3723 to 1.3894 on Friday, matching the positive Interbank sentiment projection at over +6%, closing the week at 1.3876. This morning the Euro is correcting downwards, with movements within Friday's range for now. On the 1 hour chart the upward seems intact, while on the 3 hour chart new upward channel is emerging. Break above the nearest resistance and Friday's top at 1.3894 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3723, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3600. Today's focus is on EU Summit. Quotes are moving just above 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is neutral and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3894 1.4000 1.4126
Technical support levels: 1.3723 1.3600 1.3481
Trading range: 1.3830 - 1.3905
Buy at 1.3844 SL 1.3814 TP 1.3894
On Friday we made +39 pips profit on EUR/USD from the following sent to clients only signal:
5:25 GMT+1 Buy EUR/USD at 1.3776 SL 1.3750 TP 1.3826, exit sent at 7:10 GMT+1.
Total on Friday +119, as shown in details at http://www.zifx.com/performance.php.