EUR/USD Open 1.4432 High 1.4478 Low 1.4222 Close 1.4442
On Monday Euro/Dollar increased significantly with 250 pips. The European currency appreciated from 1.4222 to 1.4478 yesterday, matching the positive Interbank sentiment projection at nearly +1%, closing the day at 1.4442. This morning the Euro currency is trading quietly against the Dollar, and at the upper end of yesterday's range for now. On the 1 hour chart trading is still holding within range, while on the 3 hour chart trading is within wider range. Break above the nearest resistance and yesterday's top at 1.4478 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4222, however, would confirm continuation of the bearish trend, towards next objective downwards 1.4114. Today's focus is on Germany and EU17 GDP, and EU17 Trade balance, at 6 and 9 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 thinly negative and calm, MACD is positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.4478 1.4590 1.4700
Technical support levels: 1.4222 1.4114 1.4000
Trading range: 1.4415 - 1.4490
Buy at 1.4426 SL 1.4396 TP 1.4476
Yesterday we made +36 pips profit on EUR/USD from the following signal:
5:29 GMT+1 Buy EUR/USD at 1.4293 SL 1.4267 TP 1.4343, exit sent at 7:28 GMT+1.
Total yesterday +112, as shown in details at http://www.zifx.com/performance.php.