EUR/USD Open 1.3463 High 1.3522 Low 1.3416 Close 1.3460
On Thursday Euro/Dollar traded within 105 pip range. The European currency appreciated from 1.3416 to 1.3522 yesterday, not matching the negative Interbank sentiment projection at almost -7%, closing the day at 1.3460. This morning the Euro is trading quietly, with movements within yesterday's range for now. On the 1 hour chart the downward channel was broken upwards, while on the 3 hour chart quotes are holding within the wide trading range. Break above the nearest resistance and yesterday's top at 1.3522 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3416, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3300. Today's focus is on EU17 PPI at 10 GMT respectively. Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is neutral and inclining upwards, MACD is positive and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all neutral signals.
Technical resistance levels: 1.3522 1.3540 1.3663
Technical support levels: 1.3416 1.3300 1.3284
Trading range: 1.3445 - 1.3520
Buy at 1.3456 SL 1.3426 TP 1.3506
Yesterday we made +10 pips profit on EUR/USD from the following sent to clients only signal:
5:23 GMT Buy EUR/USD at 1.3458 SL 1.3432 TP 1.3508, exit sent at 7:29 GMT+1.
Total yesterday +111, as shown in details at http://www.zifx.com/performance.php.