EUR/USD Open 1.3315 High 1.3373 Low 1.3276 Close 1.3314
On Wednesday Euro/Dollar decreased with almost 100 pips. The European currency depreciated from 1.3373 to 1.3276 yesterday, not matching the positive Interbank sentiment projection at bellow +13%, closing the day at 1.3314. This morning the Euro is trading quietly, with movements in the middle of yesterday's range for now. On the 1 hour chart the upward channel is still intact, while on the 3 hour chart quotes are moving within range. Break above the nearest resistance and yesterday's top at 1.3373 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3276, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3160. Today's focus is on Germany Unemployment, and EU17 Economic sentiment and Business climate, at 7:55 and 9 GMT respectively. Quotes are moving in line with the 20 and just bellow the 50 EMA on the 1 hour chart, indicating short term neutral and medium term slim bearish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.3373 1.3500 1.3622
Technical support levels: 1.3276 1.3160 1.3037
Yesterday we made +41 pips profit on EUR/USD from the following sent to clients only signal:
5:17 GMT Buy EUR/USD at 1.3332 SL 1.3306 TP 1.3382, exit sent 9:13 GMTGMT+1.
Total yesterday +127, as shown in details at http://www.zifx.com/performance-past.php.