EUR/USD Open 1.2337 High 1.2382 Low 1.2288 Close 1.2331
On Friday Euro/Dollar decreased with almost 95 pips. The European currency depreciated from 1.2382 to 1.2288 on Friday, matching the negative money flow sentiment at bellow -19%, closing the week at 1.2331. This morning the Euro is trading quietly, with movements within Friday's range for now.
On the 1 hour chart wide range trading has formed, while on the 3 hour chart the downward channel is still on hold. Break above the nearest resistance and Friday's top at 1.2382 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.2288, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2174.
Today's focus is on USA Chicago Fed National Activity Index at 12:30 GMT.
Quotes are moving just above the almost even 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.2382 1.2500 1.2622
Technical support levels: 1.2288 1.2174 1.2050
On Friday we made +14 pips profit/loss on EUR/USD from the following sent to clients only signal:
7:46 GMT+1 Buy EUR/USD at 1.2368 SL 1.2342 TP 1.2418, exit sent at 10:04 GMT+1.
Total on Friday +68, as shown at http://www.zifx.com/performance.php.