EUR/USD
Open 1.3757
High 1.3775
Low 1.3748
Close 1.3756
On Monday the EUR/USD traded within narrow 25 pip range. The European currency appreciated from 1.3748 to 1.3775 yesterday, not matching the negative money flow sentiment at under -11%, closing the day at 1.3756. This morning the Euro is trading quietly, with movements at the lower half of yesterday's range for now.
On the 1 hour chart quotes returned into the trading range, while on the 3 hour chart trading is also back in the wider trading scope. Break above the nearest resistance and yesterday's top at 1.3775 may trigger further strengthening of the Euro. Going below yesterday's bottom and first support at 1.3748, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3635.
Quotes are moving just below the 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 negative and quiet too, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.3775 1.3890 1.4016
Technical support levels: 1.3748 1.3635 1.3510
Yesterday we made +7 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Sell EUR/USD at 1.3761 SL 1.3787 TP 1.3711, exit sent at 11:46 GMT+1.
Total yesterday +66.