EUR/USD Open 1.1279 High 1.1341 Low 1.1083 Close 1.1290
On Monday, euro/dollar increased with almost 120 pips. The European currency appreciated from 1.1083 to 1.1307 yesterday, matching the positive money flow sentiment at around +12%, closing the day at 1.1290. This morning, the euro ascended further against the dollar, reaching 1.1341.
On the 1 hour chart, scope trading has formed, while on the 3 hour chart, trading is within wide range. Break above the nearest resistance and today's top at 1.1341 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.1083, however, would confirm continuation of the bearish trend, towards next objective downwards 1.0977.
Quotes are moving above the twisted 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is positive and inclining upwards, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 1.1341 1.1400 1.1523
Technical support levels: 1.1083 1.0977 1.0855
Yesterday +38 pips gained on EUR/USD from the following signal:
7:00 GMT+1 Down EUR/USD at 1.1124 Limit 1.1150 Target 1.1074, exit given at 7:24 GMT+1.
Total yesterday +83, as shown at the website.