EUR/USD Open 1.3078 High 1.3145 Low 1.3053 Close 1.3080
On Tuesday Euro/Dollar traded within 90 pip range. The European currency depreciated from 1.3145 to 1.3053 yesterday, matching the negative Interbank sentiment projection at under -8%, closing the day at 1.3080. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now. On the 1 hour chart small trading range has formed, while on the 3 hour chart quotes are moving within wider range. Break above the nearest resistance and yesterday's top at 1.3145 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3053, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2940. Today's focus is on Germany Wholesale prices at 6 GMT. Quotes are moving almost in line with the even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is neutral and calm, MACD is neutral and quiet too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3145 1.3260 1.3382
Technical support levels: 1.3053 1.2940 1.2818
Yesterday we made +34 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Sell EUR/USD at 1.3106 SL 1.3132 TP 1.3056, exit sent 8:32 GMTGMT+1.
Total yesterday +91, as shown in details at http://www.zifx.com/performance-past.php.