EUR/USD
Open 1.3408
High 1.3445
Low 1.3403
Close 1.3406
On Tuesday the EUR/USD decreased with 40 pips. The european currency depreciated from 1.3445 to 1.3403 yesterday, matching the negative money flow sentiment at under -12%, closing the day at 1.3406. This morning the euro is trading quietly, with movements at the lower end of yesterday's range for now.
On the 1 hour chart the downward channel is extending, while on the 3 hour chart the downward channel is intact. Break above the nearest resistance and yesterday's top at 1.3445 may trigger further strengthening of the euro. Going below today's bottom and first support at 1.3403, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3290.
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 hesitant, MACD is negative and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.3445 1.3560 1.3682
Technical support levels: 1.3403 1.3290 1.31678
Yesterday we made +23 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Sell EUR/USD at 1.3433 SL 1.3459 TP 1.3383, exit sent at 15:00 GMT+1.
Total yesterday +105.