Open 1.3793
High 1.3816
Low 1.3768
Close 1.3790
On Tuesday the EUR/USD increased with 90 pips. The European currency appreciated from 1.3768 to 1.3816 yesterday, matching the positive money flow sentiment at almost +14%, closing the day at 1.3790. 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 range trading has formed, while on the 3 hour chart the upward channel is on hold. Break above the nearest resistance and yesterday's top at 1.3816 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.3768, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3654.
Today's focus is on EMU PPI, and U.S. ADP employment, and Factory orders, at 9, 12:15, and 14 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: 1.3816 1.3930 1.4054
Technical support levels: 1.3768 1.3654 1.3430
Yesterday we made +42 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.3774 SL 1.3748 TP 1.3824, exit sent at 13:42 GMT+1.
Total yesterday +102.