EUR/USD Open 1.2586 High 1.2628 Low 1.2552 Close 1.2591
On Monday Euro/Dollar increased insignificantly with 60 pips on ECB meeting hopes this week. The European currency appreciated from 1.2552 to 1.2612 yesterday, matching the positive money flow sentiment at almost 22%, closing the day at 1.2574. This morning the Euro lifted even further, climbing to 1.2628.
On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and today's top at 1.2628 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2552, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2440.
Today's focus is on EU17 PPI at 9 GMT.
Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.2628 1.2740 1.2864
Technical support levels: 1.2552 1.2440 1.2317
Yesterday we made +9 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:14 GMT+1 Buy EUR/USD at 1.2575 SL 1.2549 TP 1.2625, exit sent at 6:06 GMT+1.
Total yesterday +59, as shown at http://www.zifx.com/performance-past.php.
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