Open 1.3619
High 1.3641
Low 1.3594
Close 1.3616
On Monday the EUR/USD increased with 45 pips. The european currency appreciated from 1.3594 to 1.3641 yesterday, matching the positive money flow sentiment at above +12%, closing the day at 1.3616. This morning the euro is trading quietly, with movements within yesterday's range for now.
On the 1 hour chart quotes are heading for the upper limit of the trading range, while on the 3 hour chart the downward channel is still on hold. Break above the nearest resistance and today's top at 1.3641 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.3594, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3480.
Quotes are moving below the 20 and just above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term slim bullish pressure. The value of the RSI indicator is neutral and calm, MACD is neutral and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.3641 1.3755 1.3880
Technical support levels: 1.3594 1.3480 1.3355
Yesterday we made +8 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Sell EUR/USD at 1.3604 SL 1.3630 TP 1.3554, exit sent at 7:21 GMT+1.
Total yesterday +57.