EUR/USD Open 1.1053 High 1.1097 Low 1.1000 Close 1.1052
On Monday euro/dollar decreased with 95 pips. The European currency depreciated from 1.1097 to 1.1000 yesterday, matching the negative money flow sentiment at below -9%, closing the day at 1.1052. 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 are back into the the scope trading, while on the 3 hour chart trading is within wide range. Break above the nearest resistance and yesterday's top at 1.1097 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.1000, however, would confirm continuation of the bearish trend, towards next objective downwards 1.0887.
Quotes are moving just below the close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and calm, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.1097 1.1210 1.1334
Technical support levels: 1.1000 1.0887 1.0764
Yesterday +31 pips gained on EUR/USD from the following signal:
5:30 GMT+1 Down EUR/USD at 1.1044 Limit 1.1070 Target 1.0994, exit given at 6:09 GMT+1.
Total yesterday +76, as shown at the website.