Open 1.3185
High 1.3242
Low 1.3178
Close 1.3190
On Monday the EUR/USD decreased with 60 pips. The European currency depreciated from 1.3242 to 1.3182 yesterday, matching the negative money flow sentiment at under -12%, closing the day at 1.3190. This morning the euro descended slightly further, reaching 1.3178.
On the 1 hour chart the downward channel has extended, while on the 3 hour chart the downward channel looks good. Break above the nearest resistance and yesterday's top at 1.3242 may trigger further strengthening of the euro. Going below today's bottom and first support at 1.3178, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3064.
Quotes are moving just above the 20 and below the 50 EMA on the 1 hour chart, indicating short term slim bullish and medium term bearish pressure. The value of the RSI indicator is neutral and calm, MACD is negative and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.3242 1.3355 1.3480
Technical support levels: 1.3178 1.3064 1.2940
Yesterday we made +20 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Sell EUR/USD at 1.3205 SL 1.3231 TP 1.3155, exit sent at 8:52 GMT+1.
Total yesterday +43.