EUR/USD Open 1.3343 High 1.3434 Low 1.3281 Close 1.3368
On Friday Euro/Dollar increased with 150 pips on EU decisions. The European currency appreciated from 1.3281 to 1.3434 on Friday, after the morning drop, not matching the negative Interbank sentiment projection at bellow -6%, closing the week at 1.3368. This morning the Euro is weakening, but moving still within Friday's range for now. On the 1 hour chart new downward channel is emerging, while on the 3 hour chart quotes are moving at the lower side of the wide trading range. Break above the nearest resistance and Friday's top at 1.3434 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3281, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3170. Today's focus is on Germany Wholesale prices at 7 GMT. Quotes are moving the crossing and even 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is neutral and inclining upwards, MACD is neutral and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall all neutral signals.
Technical resistance levels: 1.3434 1.3552 1.3680
Technical support levels: 1.3281 1.3170 1.3050
Trading range: 1.3355 - 1.3280
Sell at 1.3343 SL 1.3373 TP 1.3293
On Friday we made +48 pips profit on EUR/USD from the following sent to clients only signal:
5:23 GMT Sell EUR/USD at 1.3334 SL 1.3360 TP 1.3284, exit sent at 7:11 GMT+1.
Total on Friday +114, as shown in details at http://www.zifx.com/performance.php.