EUR/USD
Open 1.3465
High 1.3530
Low 1.3457
Close 1.3463
On Tuesday the EUR/USD decreased with 70 pips. The european currency depreciated from 1.3530 to 1.3459 yesterday, matching the negative money flow sentiment at under -19%, closing the day at 1.3463. This morning the euro weakened slightly further, reaching 1.3457.
On the 1 hour chart new downward channel has emerged, while on the 3 hour chart the downward channel has resumed. Break above the nearest resistance and yesterday's top at 1.3530 may trigger further strengthening of the euro. Going below today's bottom and first support at 1.3457, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3345.
Quotes are moving below the widened 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and hesitant, MACD is negative and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving over all short signals.
Technical resistance levels: 1.3530 1.3643 1.3770
Technical support levels: 1.3457 1.3345 1.3220
Yesterday we made +50 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Sell EUR/USD at 1.3526 SL 1.3552 TP 1.3476, TP reached at 13:32 GMT+1.
Total yesterday +143.