EUR/USD Open 1.3733 High 1.3826 Low 1.3684 Close 1.3775
On Thursday Euro/Dollar traded within 140 pip range. The European currency depreciated from 1.3826 to 1.3684 yesterday, not matching the positive Interbank sentiment projection at almost +5%, closing the day at 1.3775. This morning the Euro is trading quietly, with movements within yesterday's range for now. On the 1 hour chart new upward channel has emerged, while on the 3 hour chart the downward channel was broken upwards. Break above the nearest resistance and yesterday's top at 1.3826 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3684, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3570. Today's focus is on Italy CPI and HICP, and EU17 Harmonized CPI and Trade balance, at 8 and 9 GMT respectively. Quotes are moving just above the even 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3826 1.3940 1.4062
Technical support levels: 1.3684 1.3570 1.3454
Trading range: 1.3760 - 1.3830
Buy at 1.3770 SL 1.3740 TP 1.3820
Yesterday we made +49 pips profit on EUR/USD from the following sent to clients only signal:
7:02 GMT+1 Buy EUR/USD at 1.3777 SL 1.3751 TP 1.3827, exit sent at 8:31 GMT+1.
Total yesterday +127, as shown in details at http://www.zifx.com/performance.php.