EUR/USD Open 1.3166 High 1.3191 Low 1.3078 Close 1.3146
On Monday Euro/Dollar increased with 95 pips. The European currency appreciated from 1.3078 to 1.3173 yesterday, matching the positive Interbank sentiment projection at bellow +7%, closing the week at 1.3146. This morning the Euro strengthened slightly further, reaching 1.3191. On the 1 hour chart the new downward channel has slowed down, while on the 3 hour chart the upward channel is still on hold. Break above the nearest resistance and today's top at 1.3191 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3078, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2960. Today's focus is on France and Italy CPI and HICP, and Germany ZEW economic expectations index, at 6:30, 9 and 10 GMT respectively. Quotes are moving just above the twisted and even 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and calm, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3191 1.3310 1.3433
Technical support levels: 1.3078 1.2960 1.2835
Yesterday we made +14 pips profit on EUR/USD from the following sent to clients only signal:
5:19 GMT Sell EUR/USD at 1.3092 SL 1.3118 TP 1.3042, exit sent 5:46 GMT+1.
Total yesterday +63, as shown in details at http://www.zifx.com/performance-past.php.