Open 1.3344
High 1.3428
Low 1.3330
Close 1.3350
On Wednesday EUR/USD decreased with almost 90 pips. The european currency depreciated from 1.3428 to 1.3340 yesterday, matching the negative money flow sentiment at below -11%, and closing the day at 1.3350. This morning the euro weakened further reaching 1.3330.
On the 1 hour chart the upward channel has slowed down, while on the 3 hour chart quotes returned to the wide trading scope. Break above the nearest resistance and yesterday's top at 1.3428 may trigger further strengthening of the euro. Going below today's bottom and first support at 1.3330, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3216.
Today's focus is on France, German, EMU PMI, and the U.S. Initial jobless claims and Leading indicators, at 6:58, 7:28, 7:58, 12:30 and 14 GMT respectively.
Quotes are moving bellow the crossing 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is positive and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.3428 1.3540 1.3664
Technical support levels: 1.3330 1.3216 1.3090
Yesterday +3 pips profit/loss on EUR/USD sent such signals to clients:
5:15 GMT+1 Buy EUR/USD at 1.3421 SL 1.3395 TP 1.3471, exit sent at 5:15 GMT+1.
Total yesterday +86.
EUR/USD Chart" title="EUR/USD Chart">