Open 1.3771
High 1.3810
Low 1.3716
Close 1.3767
On Monday the EUR/USD increased with 90 pips. The European currency appreciated from 1.3716 to 1.3810 yesterday, matching the positive money flow sentiment at around +12%, closing the day at 1.3767. This morning the euro is trading quietly, with movements at the upper half 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 the upward channel is on hold. Break above the nearest resistance and yesterday's top at 1.3810 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.3716, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3600.
Today's focus is on Germany Retail sales, France GDP, Italy CPI, and U.S. Chicago PMI, at 6, 6:45, 9, and 14:45 GMT respectively.
Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is negative and inclining upwards, while CCI is about to cross up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.3810 1.3933 1.4058
Technical support levels: 1.3716 1.3600 1.3476
Yesterday we made +25 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Sell EUR/USD at 1.3748 SL 1.3774 TP 1.3698, exit sent at 8:00 GMT+1.
Total yesterday +107.