EUR/USD
Open 1.3258
High 1.3325
Low 1.3240
Close 1.3257
On Wednesday the EUR/USD continued decreasing with 70 pips. The european currency depreciated from 1.3325 to 1.3254 yesterday, matching the negative money flow sentiment at almost -18%, closing the day at 1.3257. This morning the euro weakened further, reaching 1.3240.
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 1.3325 may trigger further strengthening of the euro. Going below today's bottom and first support at 1.3240, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3126.
Quotes are moving below the widened 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over all short signals.
Technical resistance levels: 1.3325 1.3440 1.3564
Technical support levels: 1.3240 1.3126 1.3000
Yesterday we made +43 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Sell EUR/USD at 1.3309 SL 1.3335 TP 1.3259, exit sent at 19:06 GMT+1.
Total yesterday +127, as shown at our web site.