EUR/USD Open 1.3611 High 1.3623 Low 1.3587 Close 1.3609
On Tuesday Euro/Dollar increased insignificantly with 30 pips. The European currency appreciated from 1.3587 to 1.3617 yesterday, matching the positive money flow sentiment at above +6%, closing the day at 1.3609. This morning the Euro lifted slightly further, reaching 1.3623.
On the 1 hour chart quotes held within trading range, while on the 3 hour chart the downward channel is on hold. Break above the nearest resistance and today's top at 1.3623 may trigger further strengthening of the Euro. Going below yesterday's bottom and first support at 1.3587, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3474.
Quotes are moving just above the close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is negative and calm, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.3623 1.3635 1.3760
Technical support levels: 1.3587 1.3474 1.3350
Yesterday we made +2 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.3603 SL 1.3577 TP 1.3653, exit sent at 5:25 GMT+1.
Total yesterday +76, as shown at our web site.