EUR/USD Open 1.3237 High 1.3284 Low 1.3171 Close 1.3223
On Tuesday Euro/Dollar traded within 110 pip range. The European currency appreciated from 1.3142 to 1.3252 yesterday, not matching the negative Interbank sentiment projection at bellow -5%, closing the day at 1.3223. This morning the Euro strengthened further, climbing to 1.3284. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider range. Break above the nearest resistance and today's top at 1.3284 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3171, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3054. There are no major economic events for EU today. Quotes are moving just above the 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: 1.3284 1.3400 1.3522
Technical support levels: 1.3171 1.3054 1.2930
Yesterday we made +11 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Buy EUR/USD at 1.3229 SL 1.3203 TP 1.3279, exit sent 7:12 GMT+1.
Total yesterday +104, as shown in details at http://www.zifx.com/performance-past.php.