EUR/USD Open 1.3053 High 1.3191 Low 1.3006 Close 1.3063
On Wednesday Euro/Dollar continued decreasing with 150 pips. The European currency depreciated from 1.3191 to 1.3042 yesterday, not matching the positive Interbank sentiment projection at over +9%, closing the day at 1.3063. This morning the Euro slipped further, reaching 1.3006. On the 1 hour chart quotes are testing the lower limit of the trading range, while on the 3 hour range trading is emerging. Break above the nearest resistance and yesterday's top at 1.3191 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.3006, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2890. There are no major economic events for EU today. 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 crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3191 1.3300 1.3424
Technical support levels: 1.3006 1.2890 1.2768
Yesterday we made +17 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Sell EUR/USD at 1.3171 SL 1.3197 TP 1.3121, exit sent at 8:35 GMT+1.
Total yesterday +83, as shown in details at http://www.zifx.com/performance.php.