EUR/USD Open 1.3381 High 1.3487 Low 1.3360 Close 1.3399
On Monday Euro/Dollar traded within 115 pip range. The European currency appreciated from 1.3371 to 1.3487 yesterday, than lost all earlier gains, matching the neutral Interbank sentiment projection at almost +1%, closing the day at 1.3399. This morning the Euro is weakening, reaching down to 1.3360. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are holding within the wide trading range. Break above the nearest resistance and yesterday's top at 1.3487 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.3360, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3250. Today's focus is on EU17 GDP Q3 and Germany Manufacturing, at 10 and 11 GMT respectively. Quotes are moving bellow the close 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and quiet too, while CCI has crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3487 1.3600 1.3722
Technical support levels: 1.3360 1.3250 1.3124
Trading range: 1.3385 - 1.3310
Sell at 1.3373 SL 1.3403 TP 1.3323
Yesterday we made +7 pips profit on EUR/USD from the following sent to clients only signal:
7:19 GMT Sell EUR/USD at 1.3431 SL 1.3457 TP 1.3381, exit sent at 8:19 GMT+1.
Total yesterday +56, as shown in details at http://www.zifx.com/performance.php.