EUR/USD Open 1.3277 High 1.3294 Low 1.3189 Close 1.3264
On Friday Euro/Dollar recovered, increasing with 105 pips. The European currency appreciated from 1.3189 to 1.3294 on Friday, not matching the positive Interbank sentiment projection at above +6%, closing the week at 1.3264. This morning the Euro is trading quietly, with movements at the upper end of Friday's range for now. On the 1 hour chart quotes are still held within the trading range, while on the 3 hour chart quotes are moving within wider range. Break above the nearest resistance and Friday's top at 1.3294 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3189, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3071. Today's focus is on Germany IFO business climate index and Italy Consumer confidence, at 8 and 9 GMT respectively. Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is neutral and declining, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3294 1.3410 1.3532
Technical support levels: 1.3189 1.3071 1.2950
On Friday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
7:27 GMT Sell EUR/USD at 1.3204 SL 1.3230 TP 1.3154, TP reached 8:32 GMT+1.
Total on Friday +164, as shown in details at http://www.zifx.com/performance-past.php.