EUR/USD Open 1.3124 High 1.3174 Low 1.3089 Close 1.3125
On Tuesday Euro/Dollar traded within 85 pip range. The European currency appreciated from 1.3089 to 1.3174 yesterday, matching the positive Interbank sentiment projection at almost +7%, closing the day at 1.3125. This morning the Euro is trading quietly, moving within yesterday's range for now. On the 1 hour chart small range trading is forming, while on the 3 hour chart quotes returned into the wide trading range. Break above the nearest resistance and yesterday's top at 1.3174 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3089, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2973. Today's focus is on EU17 Current account at 8 GMT. Quotes are moving in line with 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 hesitant, MACD is thinly positive and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3174 1.3290 1.3414
Technical support levels: 1.3089 1.2973 1.2850
Yesterday we made +6 pips profit on EUR/USD from the following sent to clients only signal:
7:33 GMTGMT+1 Sell EUR/USD at 1.3099 SL 1.3134 TP 1.3049, exit sent 7:39 GMTGMT+1.
Total yesterday +69, as shown in details at http://www.zifx.com/performance-past.php.