EUR/USD Open 1.1408 High 1.1445 Low 1.1372 Close 1.1400
On Monday euro/dollar increased with 70 pips. The European currency appreciated from 1.1372 to 1.1445 yesterday, matching the negative money flow sentiment at over +4%, closing the day at 1.1400. This morning the euro is trading quietly, with movements within yesterday's range for now.
On the 1-hour chart the upward channel is on hold, while on the 3-hour chart the upward channel has slowed down. Break above the nearest resistance and yesterday's top at 1.1445 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.1372, however, would confirm continuation of the bearish trend, towards next objective downwards 1.1260.
Quotes are moving just above the twisted 20 and 50 EMA on the 1-hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and hesitant, MACD is negative and quiet, while CCI has thinly crossed down the 100 line on the 1-hour chart, giving over all neutral signals.
Technical resistance levels: 1.1445 1.1558 1.1680
Technical support levels: 1.1372 1.1260 1.1142
Yesterday +11 pips gained on EUR/USD from the following signal:
5:30 GMT+1 Buy EUR/USD at 1.1417 SL 1.1391 TP 1.1467, exit given at 7:30 GMT+1.
Total yesterday +37, as shown at our web site.
Have a great day!
