Get 40% Off
💰 Warren Buffett reveals a $6.72 billion stake in ChubbCopy Portfolios

EUR/USD Firm But Below Two Week High

Published 08/20/2013, 12:35 AM
Updated 07/09/2023, 06:32 AM
EUR/USD
-
EUR/USD:

Open 1.3335
High 1.3375
Low 1.3314
Close 1.3330

On Monday EUR/USD continued trading within narrow 60 pip range. The european currency appreciated from 1.3314 to 1.3375 yesterday, matching the positive money flow sentiment at around +14%, closing the day at 1.3330. This morning the euro is trading quietly, with movements at the upper end of yesterday's range for now.

On the 1 hour chart the upward channel is turning into range trading, while on the 3 hour chart quotes are holding within wide trading scope. Break above the nearest resistance and yesterday's top at 1.3375 may trigger further strengthening of the euro. Going below yesterday's bottom.

Today's focus is on Germany PPI and U.S. Redbook, at 6 and 12:55 GMT respectively.

Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.

Technical resistance levels: 1.3375 1.3492 1.3616

Technical support levels: 1.3314 1.3200 1.3078

Yesterday we made +10 pips profit/loss on EUR/USD from the following sent to clients only signal:

5:15 GMT+1 Sell EUR/USD at 1.3324 SL 1.3350 TP 1.3274, exit sent at 7:42 GMT+1.

Total yesterday +96.


<span class=EUR/USD Chart" title="EUR/USD Chart">

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.