EUR/USD Open 1.3246 High 1.3289 Low 1.3213 Close 1.3259
On Wednesday Euro/Dollar traded within 75 pip range on Greek debt talks prolonging. The European currency depreciated from 1.3289 to 1.3289 yesterday, not matching the positive Interbank sentiment projection at almost +21%, closing the day at 1.3259. This morning the Euro is trading quietly, moving at the upper side of yesterday's range for now. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart range trading has formed. Break above the nearest resistance and yesterday's top at 1.3289 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3213, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3100. Today's focus is on EU17 ECB meeting announcement and press conference, at 12:45 and 13:30 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 inclining upwards, MACD is positive and calm, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3289 1.3400 1.3521
Technical support levels: 1.3213 1.3100 1.2981
Trading range: 1.3260 - 1.3335
Buy at 1.3273 SL 1.3243 TP 1.3323
Yesterday we made +41 pips profit on EUR/USD from the following sent to clients only signal:
5:17 GMT Buy EUR/USD at 1.3246 SL 1.3220 TP 1.3296, exit sent at 6:30 GMT+1.
Total yesterday +111, as shown in details at http://www.zifx.com/performance.php.