EUR/USD Open 1.3567 High 1.3630 Low 1.3561 Close 1.3565
On Tuesday Euro/Dollar decreased with almost 70 pips. The European currency depreciated from 1.3630 to 1.3561 yesterday, matching the negative money flow sentiment at under -14%, closing the day at 1.3565. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now.
On the 1 hour chart quotes are back into the trading range, while on the 3 hour chart quotes are heading for the lower limit of the downward channel. Break above the nearest resistance and yesterday's top at 1.3630 may trigger further strengthening of the Euro. Going below yesterday's bottom and first support at 1.3561, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3450.
Quotes are moving below the 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: 1.3630 1.3744 1.3870
Technical support levels: 1.3561 1.3450 1.3326
Yesterday we made +13 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.3615 SL 1.3589 TP 1.3665, exit sent at 9:02 GMT+1.
Total yesterday +112, as shown at our web site.