EUR/USD Open 1.3397 High 1.3453 Low 1.3349 Close 1.3410
On Wednesday Euro/Dollar decreased with 100 pips. The European currency depreciated from 1.3453 to 1.3349 yesterday, matching the negative Interbank sentiment projection at bellow -2%, closing the day at 1.3410. This morning the Euro is trading quietly, and within yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are still holding within wider trading range. Break above the nearest resistance and yesterday's top at 1.3453 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3349, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3220. Today's focus is on EU17 ECB meeting announcement and press conference, at 12:45 and 13.30 GMT respectively. 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 positive and declining, MACD is neutral and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all neutral signals.
Technical resistance levels: 1.3453 1.3572 1.3700
Technical support levels: 1.3349 1.3220 1.3100
Trading range: 1.3420 - 1.3345
Sell at 1.3406 SL 1.3436 TP 1.3356
Yesterday we made +11 pips profit on EUR/USD from the following sent to clients only signal:
5:23 GMT Sell EUR/USD at 1.3424 SL 1.3450 TP 1.3374, exit sent at 6:01 GMT+1.
Total yesterday +71, as shown in details at http://www.zifx.com/performance.php.