EUR/USD Open 1.2518 High 1.2607 Low 1.2507 Close 1.2520
On Wednesday Euro/Dollar decreased with 100 pips. The European currency depreciated from 1.2607 to 1.2507 yesterday, matching the negative money flow sentiment at bellow -8%, closing the day at 1.2520. 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 downward channel is still on hold. Break above the nearest resistance and yesterday's top at 1.2607 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2507, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2390.
Quotes are moving just bellow the almost even 20 and just above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term slim bullish pressure. The value of the RSI indicator is negative and calm, MACD is neutral and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.2607 1.2720 1.2823
Technical support levels: 1.2507 1.2390 1.2267
Yesterday we made +16 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.2585 SL 1.2559 TP 1.2635, exit sent at 7:45 GMT+1.
Total yesterday +61, as shown at http://www.zifx.com/performance-past.php.
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