EUR/USD Open 1.4474 High 1.4519 Low 1.4327 Close 1.4433
On Wednesday the Euro/Dollar continued increasing cheered by the Greek vote, with 155 pips. The European currency appreciated from 1.4327 to 1.4485 yesterday, matching the positive Interbank sentiment projection at over +1%, closing the day at 1.4433. This morning the European currency extended its gains further, climbing up to 1.4519. On the 1 hour chart quotes are testing the upper limit of the trading range, while on the 3 hour chart trading remains within wide range. Break above the nearest resistance and today's top at 1.4519 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4327, however, would confirm continuation of the bearish trend, towards next important objective downwards 1.4210. Today's focus is on Germany Retail sales, France PPI and Consumer spending, Germany Unemployment, EU17 M3 money supply and Harmonized CPI, and Italy CPI and HICP, at 6, 6:45, 7:55, 8 and 9 GMT respectively. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and quiet too, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.4519 1.4633 1.4750
Technical support levels: 1.4327 1.4210 1.4100
Trading range: 1.4495 - 1.4570
Buy at 1.4507 SL 1.4477 TP 1.4557
Yesterday we made +50 pips profit on EUR/USD from the following signal:
5:30 GMT+1 Buy EUR/USD at 1.4357 SL 1.4331 TP 1.4407, TP reached at 8:30 GMT+1.
Total yesterday +105, as shown in details at http://www.zifx.com/performance.php.