On Thursday EUR/USD increased with almost 120 pips. The European currency appreciated from 1.3269 to 1.3388 yesterday, matching the positive money flow sentiment at above +12%, closing the day at 1.3371. This morning, the euro lifted even slightly further, reaching 1.3392.
On the 1-hour chart the upward channel is making renewal attempts, while on the 3-hour chart wide upward channel has formed. Break above the nearest resistance and today's top at 1.3392 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.3269, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3155.
Today's focus is on US Michigan sentiment index, at 14:55 GMT.
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, MACD is positive and quiet too, while CCI has crossed up the 100 line on the 1-hour chart, giving over all light long signals.
Technical resistance levels: 1.3392 1.3510 1.3633
Technical support levels: 1.3269 1.3155 1.3030
EUR/USD Chart" title="EUR/USD Chart">
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EUR/USD Lifts On Positive US And China Data
Published 01/18/2013, 12:44 AM
Updated 01/01/2017, 02:20 AM
EUR/USD Lifts On Positive US And China Data
EUR/USD Open 1.3373 High 1.3392 Low 1.3269 Close 1.3371
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