EUR/USD Open 1.1261 High 1.1285 Low 1.1091 Close 1.1268
On Wednesday Euro/Dollar increased significantly with almost 200 pips. The European currency appreciated from 1.1091 to 1.1285 yesterday, matching the positive money flow sentiment at nearly +15%, closing the day at 1.1268. This morning the euro is trading quietly, with movements at the upper end of yesterday's range for now.
On the 1 hour chart scope trading has formed, while on the 3 hour chart trading is in wide range. Break above the nearest resistance and yesterday's top at 1.1285 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.1091, however, would confirm continuation of the bearish trend, towards next objective downwards 1.0977.
Quotes are moving above the widened 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 thinly crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 1.1285 1.1400 1.1523
Technical support levels: 1.1091 1.0977 1.0855
Yesterday +21 pips gained on EUR/USD from the following signal:
5:30 GMT+1 Up EUR/USD at 1.1169 Limit 1.1143 Target 1.1219, exit given at 7:48 GMT+1.
Total yesterday +93, as shown at the website.