EUR/USD Open 1.2628 High 1.2652 Low 1.2560 Close 1.2629
On Thursday Euro/Dollar traded within 90 pip range. The European currency depreciated from 1.2652 to 1.2560 yesterday, not matching the positive money flow sentiment at above 17%, closing the day at 1.2629. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now.
On the 1 hour chart the upward channel is still trying to resume, while on the 3 hour chart quotes are moving within wide range. Break above the nearest resistance and yesterday's top at 1.2652 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.2560, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2446.
Today's focus is on Germany Current account, Trade balance and Industrial production, at 6 and 10 GMT respectively.
Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and quiet too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.2652 1.2770 1.2900
Technical support levels: 1.2560 1.2446 1.2320
Yesterday we made +46 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:16 GMT+1 Buy EUR/USD at 1.2606 SL 1.2580 TP 1.2656, exit sent at 12:46 GMT+1.
Total yesterday +114, as shown at http://www.zifx.com/performance-past.php.