EUR/USD Open 1.3071 High 1.3083 Low 1.3042 Close 1.3067
On Tuesday Euro/Dollar traded within narrow 40 pip range. The European currency appreciated from 1.3042 to 1.3083, matching the positive Interbank sentiment projection at over +10%, closing the day at 1.3067. This morning the Euro is trading quietly, and within yesterday's range for now. On the 1 hour chart new small range trading has emerged, while on the 3 hour the downward channel is hanging. Break above the nearest resistance and yesterday's top at 1.3083 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3042, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2916. There are no major economic events for EU today. Quotes are moving about in line with the almost even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is neutral and inclining upwards, MACD is neutral and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall all neutral signals.
Technical resistance levels: 1.3083 1.3200 1.3323
Technical support levels: 1.3042 1.2916 1.2800
Trading range: 1.3050 - 1.3115
Buy at 1.3063 SL 1.3033 TP 1.3103
Yesterday we made +18 pips profit on EUR/USD from the following sent to clients only signal:
5:21 GMT Sell EUR/USD at 1.3076 SL 1.3102 TP 1.3026, exit sent at 7:28 GMT+1.
Total yesterday +109, as shown in details at http://www.zifx.com/performance.php.