EUR/USD Open 1.3683 High 1.3829 Low 1.3648 Close 1.3746
On Wednesday Euro/Dollar corrected upwards significantly with 180 pips. The European currency appreciated from 1.3648 to 1.3829 yesterday, matching the positive Interbank sentiment projection at under +1%, closing the day at 1.3746. This morning the Euro is trading hesitantly, with movements at the lower end of yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart wider range trading is emerging. Break above the nearest resistance and yesterday's top at 1.3829 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3648, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3530. Today's focus is on EU17 ECB meeting and press conference, at 12:45 and 13 GMT respectively. Quotes are moving just bellow the crossed and almost even 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is neutral and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3829 1.3944 1.4060
Technical support levels: 1.3648 1.3530 1.3409
Trading range: 1.3690 - 1.3765
Buy at 1.3702 SL 1.3672 TP 1.3752
Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
7:03 GMT Buy EUR/USD at 1.3712 SL 1.3686 TP 1.3762, TP reached at 7:58 GMT+1.
Total yesterday +95, as shown in details at http://www.zifx.com/performance.php.