EUR/USD 1.3477 - 30 March 2010
The Euro continued strengthening on Monday after last week's help for Greece by the ECB was announced, in converse with the the Interbank sentiment exposure at around -18%. Euro/Dollar climbed on Monday from 1.3412 to 1.3510, closing the day at 1.3481. On the 15 minute chart the newly formed upward channel means that bulls have taken advantage in the short term. Break above the nearest resistance and yesterday's top at 1.3510 may trigger further recovery. Going bellow last Thursday's bottom and second support at 1.3269, however, should confirm continuation of the bearish trend, towards next target 1.3200. Today's focus is on Import prices, France GDP Q4, UK GDP Q4, and UK Current account at 6, 6:45 and 8:30 GMT respectively. Quotes are moving above the 50 and 20 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and calm, while CCI is positive and quiet on the 1 hour chart, giving overall neutral to slightly bullish signals.
Technical resistance levels: 1.3510 1.3627 1.3796
Technical support levels: 1.3412 1.3269 1.3200
Yesterday we made +48 pips profit on EUR/USD from the following signal:
5:49 GMT+1 Buy EUR/USD at 1.3428 SL 1.3402 TP 1.3478 exit at 8:08 GMT
Total yesterday +167, as shown in details at www.zifx.com/performance.php.