EUR/USD Open 1.3321 High 1.3442 Low 1.3284 Close 1.3313
On Tuesday Euro/Dollar traded within almost 160 pip range. The European currency appreciated from 1.3284 to 1.3442 yesterday, not matching the negative Interbank sentiment projection at bellow -5%, closing the day at 1.3313. This morning the Euro is trading quietly, with movements within yesterday's range for now. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart quotes bounced from the lower limit of the wide trading range. Break above the nearest resistance and yesterday's top at 1.3442 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3284, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3167. Today's focus is on Germany Retail sales, France PPI and Consumer spending, Germany Unemployment, EU17 Harmonized CPI and Unemployment, and Italy CPI, HICP and PPI, at 7, 7:45, 8:55, 10 and 11 GMT respectively. Quotes are moving 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 is in line with the 100 line on the 1 hour chart, giving overall all neutral signals.
Technical resistance levels: 1.3442 1.3560 1.3683
Technical support levels: 1.3284 1.3167 1.3040
Trading range: 1.3320 - 1.3395
Buy at 1.3331 SL 1.3301 TP 1.3381
Yesterday we made +19 pips profit on EUR/USD from the following sent to clients only signal:
8:04 GMT Sell EUR/USD at 1.3333 SL 1.3359 TP 1.3283, exit sent at 9:04 GMT+1.
Total yesterday +150, as shown in details at http://www.zifx.com/performance.php.