EUR/USD Open 1.3191 High 1.3381 Low 1.3162 Close 1.3174
On Monday Euro/Dollar decreased significantly with 180 pips on Greece continuing debt issue. The European currency depreciated from 1.3381 to 1.3162 yesterday, matching the negative Interbank sentiment projection at bellow -3%, closing the day at 1.3174. This morning the Euro is trading quietly at the lower end of yesterday's range for now. On the 1 hour chart the downward channel has resumed, while on the 3 hour chart the downward channel is intact. Break above the nearest resistance and yesterday's top at 1.3381 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3162, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3050. Today's focus is on EU17 PPI at 9 GMT. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and quiet too, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall short signals.
Technical resistance levels: 1.3381 1.3500 1.3628
Technical support levels: 1.3162 1.3050 1.2926
Trading range: 1.3220 - 1.3145
Sell at 1.3207 SL 1.3237 TP 1.3157
Yesterday we made +14 pips profit on EUR/USD from the following sent to clients only signal:
8:29 GMT+1 Sell EUR/USD at 1.3351 SL 1.3377 TP 1.3301, exit sent at 8:34 GMT+1.
Total yesterday +107, as shown in details http://www.zifx.com/performance.php.