EUR/USD Open 1.3184 High 1.3333 Low 1.3175 Close 1.3193
On Friday Euro/Dollar decreased with 150 pips. The European currency depreciated from 1.3333 to 1.3186 on Friday, not matching the positive Interbank sentiment projection at above +9%, closing the day at 1.3193. This morning the Euro weakened slightly further, reaching down to 1.3175. On the 1 hour chart range trading is forming, while on the 3 hour chart the upward channel is still on hold. Break above the nearest resistance and Friday's top at 1.3333 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.3281, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3153. Today's focus is on Italy, France, Germany and EU17 PMI, Italy PPI, and EU17 Retail sales, at 8:45, 8:50, 8:55, 9 and 10 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is positive and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3333 1.3450 1.3574
Technical support levels: 1.3175 1.3153 1.3030
On Friday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:17 GMT Sell EUR/USD at 1.3305 SL 1.3331 TP 1.3255, TP reached 8:51 GMT+1.
Total on Friday +165, as shown in details at http://www.zifx.com/performance-past.php.