EUR/USD Open 1.3072 High 1.3120 Low 1.3003 Close 1.3078
On Thursday Euro/Dollar recovered with 115 pips. The European currency appreciated from 1.3003 to 1.3120 yesterday, not matching the negative Interbank sentiment projection at nearly -2%, closing the day at 1.3078. 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 still looks good, while on the 3 hour chart range trading has formed. Break above the nearest resistance and yesterday's top at 1.3120 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3003, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2880. Today's focus is on EU17 Trade balance at 10 GMT. Quotes are moving just above the twisted 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 positive and quiet too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3120 1.3244 1.3370
Technical support levels: 1.3003 1.2880 1.2674
Yesterday we made +25 pips profit on EUR/USD from the following sent to clients only signal:
6:31 GMT Sell EUR/USD at 1.3055 SL 1.3081 TP 1.3005, exit sent 8:33 GMT+1.
Total yesterday +68, as shown in details at http://www.zifx.com/performance-past.php.