EUR/USD Open 1.1175 High 1.1241 Low 1.1159 Close 1.1179
On Monday euro/dollar increased with 80 pips. The European currency appreciated from 1.1159 to 1.1241 yesterday, not matching the negative money flow sentiment at around -6%, closing the day at 1.1179. This morning the euro is trading quietly, with movements within yesterday's range for now.
On the 1 hour chart the downward channel is making renewal attempts, while on the 3 hour chart the downward channel is still on hold. Break above the nearest resistance and yesterday's top at 1.1241 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.1159, however, would confirm continuation of the bearish trend, towards next objective downwards 1.1045.
Quotes are moving just above the 20 and below the 50 EMA on the 1 hour chart, indicating short term slim bullish and medium term bearish pressure. The value of the RSI indicator is neutral and calm, MACD is negative and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.1241 1.1355 1.1480
Technical support levels: 1.1159 1.1045 1.0920
Yesterday +33 pips gained on EUR/USD from the following signal:
9:39 GMT Up EUR/USD at 1.1204 Limit 1.1178 Target 1.1254, exit given at 11:39 GMT.
Total yesterday +117, as shown at website.