Open 1.3251
High 1.3281
Low 1.3154m
Close 1.3248
On Monday EUR/USD increased with 130 pips. The european currency appreciated from 1.3154 to 1.3281 yesterday, matching the positive money flow sentiment at nearly +14%, closing the day at 1.3248. This morning the euro is trading quietly, with movements at the upper end of yesterday's range for now.
On the 1 hour chart quotes are testing the upper limit of the trading range, while on the 3 hour chart quotes are holding within the wide trading scope. Break above the nearest resistance and yesterday's top at 1.3281 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.3154. However, would confirm continuation of the bearish trend, towards next objective downwards 1.3042.
Today's focus is on France Industrial production, Italy GDP, and U.S. Redbook, at 6:45, 8:00, 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 calm, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 1.3281 1.3400 1.3525
Technical support levels: 1.3154 1.3042 1.2920
Yesterday we made +5 pips profit/loss on EUR/USD signalling to clients:
5:15 GMT+1 Sell EUR/USD at 1.3171 SL 1.3197 TP 1.3121, exit sent at 5:23 GMT+1.
Total yesterday +65.
EUR/USD Chart" title="EUR/USD Chart">