The Euro depreciated insignificantly on Monday. Euro/Dollar decreased from 1.3395 to 1.3300 yesterday, in line with the Interbank sentiment projection, at around -14%, closing the day at 1.3386. On the 1 hour chart the newly formed downward channel is now interrupted with strong upward adjustment. Break above the nearest resistance and today's top at 1.3414 may lead to further recovery of the Euro. Going bellow yesterday's bottom and first important support at 1.3300, however, should confirm continuation of the bearish trend, towards next target 1.3213. Today's focus is on France and Italy Consumer confidence and France unemployment figures at 6:45, 7:30 and 16 GMT respectively. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The values of the RSI and MACD indicators are positive and calm, while CCI is positive and inclining upwards on the 1 hour chart, giving overall long signals.Technical resistance levels: 1.3414 1.3525 1.3665Technical support levels: 1.3300 1.3213 1.3115
Yesterday we made +39 pips profit on EUR/USD from the following signal:5:42 GMT+1 Buy EUR/USD at 1.3358 SL 1.3332 TP 1.3408 exit at 8:01 GMT+1.Total yesterday +127, as shown in details at http://www.zifx.com/performance.php.