EUR/USD Open 1.4219 High 1.4295 Low 1.4101 Close 1.4236
On Thursday Euro/Dollar traded within 100 pip range. The European currency appreciated from 1.4101 to 1.4295 yesterday, matching the neutral Interbank sentiment projection at over 0%, closing the day at 1.4236. This morning the European is trading quietly, and within yesterday's range for now. On the 1 hour trading has moved into a range, while on the 3 hour chart trading is within a wider range. Break above the nearest resistance and yesterday's top at 1.4295 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4101, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3988. Today's focus is on France GDP, CPI and HICP, Italy CPI and HICP, and EU17 Industrial production, at 5:30 and 9 GMT respectively. Quotes are moving just bellow the close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is neutral and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 1.4295 1.4410 1.4527
Technical support levels: 1.4101 1.3988 1.3870
Trading range: 1.4200 - 1.4125
Sell at 1.4189 SL 1.4219 TP 1.4139
Yesterday we made +26 pips profit on EUR/USD from the following signal:
6:29 GMT+1 Sell EUR/USD at 1.4249 SL 1.4275 TP 1.4199, exit sent at 6:48 GMT+1.
Total yesterday +144, as shown in details at http://www.zifx.com/performance.php.