EUR/USD Open 1.2944 High 1.2983 Low 1.2924 Close 1.2941
On Thursday Euro/Dollar traded within almost 60 pip range. The European currency appreciated from 1.2924 to 1.2983 yesterday, matching the positive money flow sentiment at nearly +15%, closing the day at 1.2941. This morning the Euro is trading quietly, 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 the upward channel is still on hold. Break above the nearest resistance and yesterday's top at 1.2983 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2924, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2810.
Today's focus is on Italy, France, Germany, and EU17 PMI, US Nonfarm payrolls, Unemployment rate, and Average hourly and workweek earnings, at 8:45, 8:50, 8:55, 9, and 12.30 GMT respectively.
Quotes are moving just bellow the close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is positive and calm, MACD is negative and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.2983 1.3100 1.3224
Technical support levels: 1.2924 1.2810 1.2688
Yesterday we made +9 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:17 GMT Buy EUR/USD at 1.2959 SL 1.2933 TP 1.3009, exit sent at 6:16 GMT.
Total yesterday +97, as shown at our web site.
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