EUR/USD Open 1.3142 High 1.3232 Low 1.3127 Close 1.3204
On Friday Euro/Dollar increased with 100 pips. The European currency appreciated from 1.3127 to 1.3232 on Friday, matching the positive Interbank sentiment projection at almost +4%, closing the week at 1.3204. This morning the Euro is trading quietly, with movements at the upper end of Friday's range for now. On the 1 hour chart quotes are breaking up of the small trading range, while on the 3 hour chart trading is within wide range. Break above the nearest resistance and Friday's top at 1.3232 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3127, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3010. Today's focus is on France Business confidence, France, Germany and EU17 PMI, and Italy Consumer confidence, at 6:45, 7, 7:30 and 8 GMT respectively. Quotes are moving in line with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is neutral and declining, MACD is thinly positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.3232 1.3350 1.3472
Technical support levels: 1.3127 1.3010 1.2886
On Friday we made +15 pips profit on EUR/USD from the following sent to clients only signal:
9:01 GMTGMT+1 Buy EUR/USD at 1.3165 SL 1.3139 TP 1.3215, exit sent 9:01 GMTGMT+1.
Total on Friday +123, as shown in details at http://www.zifx.com/performance-past.php.