On Monday Euro/Dollar resumed increasing with 70 pips. The European currency appreciated from 1.3012 to 1.3083 yesterday, matching the positive money flow sentiment at over +14%, closing the day at 1.3058. This morning the Euro is trading quietly, with movements within yesterday's range for now.
On the 1 hour chart quotes are held within the trading range, while on the 3 hour chart the upward channel is still making renewal attempts. Break above the nearest resistance and yesterday's top at 1.3083 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3012, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2900.
Today's focus is on France Business confidence and USA Redbook, at 6:45 and 12:55 GMT respectively.
Quotes are moving in line with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and quiet too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.3083 1.3200 1.3324
Technical support levels: 1.3012 1.2900 1.2778
Yesterday we made +33 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.3042 SL 1.3016 TP 1.3092, exit sent at 12:31 GMT+1.
Total yesterday +135, as shown at our web site.
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