EUR/USD Open 1.3744 High 1.3784 Low 1.3590 Close 1.3753
On Wednesday Euro/Dollar continued increasing steadily with 190 pips. The European currency appreciated from 1.3590 to 1.3784 yesterday, matching the positive Interbank sentiment projection at over +2%, closing the day at 1.3753. This morning the Euro is trading hesitantly against the Dollar, with movements at the upper end of yesterday's range for now. On the 1 hour chart the downward channel is on hold, while on the 3 hour the downward has slowed down. Break above the nearest resistance and yesterday's top at 1.3784 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3590, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3476. Today's focus is on Italy CPI and HICP, and EU17 Harmonized CPI, all at 9 GMT. Quotes are moving bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish bearish and medium term bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and quiet too, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.3784 1.3900 1.4022
Technical support levels: 1.3590 1.3476 1.3350
Trading range: 1.3695 - 1.3770
Buy at 1.3708 SL 1.3678 TP 1.3758
Yesterday we made +47 pips profit on EUR/USD from the following sent to clients only signal:
5:31 GMT+1 Sell EUR/USD at 1.3637 SL 1.3663 TP 1.3587, exit sent at 7:24 GMT+1.
Total yesterday +144, as shown in details at http://www.zifx.com/performance.php.