On Wednesday, the EUR/USD continued increasing by 95 pips. The European currency appreciated from 1.3264 to 1.3360 yesterday, matching the positive money flow sentiment at over +22% and closing the day at 1.3333. The Euro lifted slightly further this morning, reaching 1.3370.
A new upward channel has resumed on the 1 hour chart, while quotes broke up the trading range on the 3 hour chart. A break above the nearest resistance and today's top at 1.3370 may trigger further strengthening of the Euro. Going below yesterday's bottom and first support at 1.3264, however, would confirm continuation of the bearish trend towards the next objective downwards of 1.3150.
Today's focus is on German Wholesale prices, U.S. Import and Export prices, Retail sales, Jobless claims and Business inventories, at 6, 12:30 and 14 GMT respectively.
Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm. The MACD is also positive and quiet, while the CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3370 1.3486 1.3610
Technical support levels: 1.3264 1.3150 1.3023
Yesterday we made +28 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.3307 SL 1.3281 TP 1.3357, exit sent at 8:43 GMT+1.
Total yesterday +139, as shown at our web site.
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EUR/USD Climbs Further On Fed Stimulus Uncertainty
Published 06/13/2013, 12:36 AM
Updated 01/01/2017, 02:20 AM
EUR/USD Climbs Further On Fed Stimulus Uncertainty
EUR/USD Open 1.3337 High 1.3370 Low 1.3264 Close 1.3333
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