EUR/USD Open 1.1272 High 1.1346 Low 1.1213 Close 1.1277
On Tuesday, euro/dollar decreased with 130 pips. The European currency depreciated from 1.1346 to 1.1213 yesterday, not matching the positive money flow sentiment at almost +6%, closing the day at 1.1277. This morning, the euro is trading quietly, with movements within yesterday's range for now.
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 yesterday's top at 1.1346 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.1213, however, would confirm continuation of the bearish trend, towards next objective downwards 1.1100.
Quotes are moving in line with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is positive and waving, MACD is negative and calm, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.1346 1.1460 1.1582
Technical support levels: 1.1213 1.1100 1.0977
Yesterday +36 pips gained on EUR/USD from the following signal:
5:30 GMT+1 Up EUR/USD at 1.1310 Limit 1.1284 Target 1.1360, exit given at 6:57 GMT+1.
Total yesterday +130, as shown at the website.