EUR/USD
Open 1.3132
High 1.3137
Low 1.3109
Close 1.3131
On Tuesday the EUR/USD traded within narrow almost 30 pip range. The European currency depreciated from 1.3137 to 1.3109 yesterday, matching the negative money flow sentiment at under -7%, closing the day at 1.3131. This morning the euro is trading quietly, with movements within yesterday's range for now.
On the 1 hour chart the downward channel is slowing down, while on the 3 hour chart the downward channel looks good. Break above the nearest resistance and yesterday's top at 1.3137 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.3109, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2995.
Quotes are moving just below the 20 and 50 EMA on the 1 hour chart, indicating slim bearish 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 light short signals.
Technical resistance levels: 1.3137 1.3250 1.3374
Technical support levels: 1.3109 1.2995 1.2870
Yesterday we made +9 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Sell EUR/USD at 1.3118 SL 1.3144 TP 1.3068, exit sent at 10:37 GMT+1.
Total yesterday +104 pips